5303 Parker Rd E Sumner, WA 98390
Estimated payment $20,873/month
Highlights
- 1.16 Acre Lot
- No HOA
- Baseboard Heating
- Sumner Middle School Rated A-
- Vinyl Plank Flooring
- 1-Story Property
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2389683
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,643
Year Built
- Built in 1968
Home Design
- Composition Roof
- Wood Composite
Interior Spaces
- 12,680 Sq Ft Home
- 1-Story Property
- Vinyl Plank Flooring
Bedrooms and Bathrooms
- 28 Bedrooms
- 16 Bathrooms
Parking
- 43 Parking Spaces
- Open Parking
Additional Features
- 1.16 Acre Lot
- Baseboard Heating
Community Details
- No Home Owners Association
- Sumner Subdivision
Listing and Financial Details
- Assessor Parcel Number 0520192095
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2025 11/04/25 | Off Market | $1,750 | -- | -- | |
| 09/26/2025 09/26/25 | Price Changed | $1,750 | +6.1% | $2 / Sq Ft | |
| 07/02/2025 07/02/25 | For Rent | $1,650 | 0.0% | -- | |
| 06/08/2025 06/08/25 | For Sale | $3,530,000 | 0.0% | $278 / Sq Ft | |
| 03/05/2025 03/05/25 | Off Market | $1,650 | -- | -- | |
| 09/09/2024 09/09/24 | Price Changed | $1,650 | +15.8% | $2 / Sq Ft | |
| 02/29/2024 02/29/24 | For Rent | $1,425 | 0.0% | -- | |
| 03/31/2016 03/31/16 | Sold | $1,131,400 | -9.1% | $98 / Sq Ft | View Prior Sale |
| 02/02/2016 02/02/16 | Pending | -- | -- | -- | |
| 09/01/2015 09/01/15 | For Sale | $1,245,000 | -- | $108 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2389683
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
- 5405 156th Avenue Ct E
- 15806 54th Street Ct E Unit 59C
- 15922 54th Street Ct E
- 15927 55th St E Unit 44
- 5703 Parker Rd E Unit 2
- 5703 Parker Rd E Unit 1
- 15219 50th St E Unit 24
- 15719 63rd Street Ct E
- 6219 153rd Avenue Ct E
- 1730 Wood Ave
- 16219 64th St E
- 6413 152nd Ave E
- 1415 Washington St
- 16508 39th Street Ct E
- 16328 37th Street Ct E
- 1509 Rainier St
- 520 Sumner Ave Unit 524
- 824 Kincaid Ave Unit 1-6
- 805 Cherry Ave
- 816 Cherry Ave
- 15318 Washington St
- 1615-1715 Valley Ave E
- 15367 Main St
- 5816 162nd Ave E
- 15881 64th St E
- 16026 64th St E
- 16303 64th St E
- 1408 Hubbard St
- 16120 64th St E
- 1228 Fryar Ave
- 7413 142nd Ave E
- 3107 E Main
- 5823 186th Avenue Ct E Unit A
- 2505 E Main
- 3002 E Pioneer
- 7101 Lindsay Ave SE
- 1617 E Main
- 8508-8518 Main St E
- 6821 Udall Place SE
- 18426 Veterans Memorial Dr E