5303 Parker Rd E Sumner, WA 98390
Estimated payment $20,946/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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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Based on information submitted to the MLS GRID
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