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About the Listing 7913 - 146115,28191
6.05% Current Cap Rate | Sumner Park offers investors a prime opportunity to capitalize on the Sumner sub-market's robust rental market, projected to experience steady growth in 2025 and beyond, with minimal capital expenditure required. This 12,680-square-foot, 16-unit multifamily property is newly renovated, ensuring low immediate maintenance costs and strong tenant appeal. With an average market rent in Sumner of $1,841 as of May 2025, reflecting a 23.8% increase since 2020, the property is well-positioned to deliver consistent cash flow and long-term appreciation. Situated on a 50,560 square foot lot, future development opportunities exist to develop 29 units or 28 townhomes. Buyer to verify.
Listing Highlights for 5303 Parker Rd E
Status
Active
Days on Site
88
Property Type
Multi-Family
MLS ®
2389683
Year Built
1968
Total Square Footage
12,680
Lot/Acreage
1.16
Interior Details
- Bedrooms: 28
- Bathrooms: 16 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 43
- Roof: Composition
- Others: Wood Products
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $27,643
- Taxes w/Assessments: N/A
- Tax/Property ID: 0520192095
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5303 Parker Rd E Sumner, WA 98390
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