5303 Parker Road E
Sumner, WA 98390
Map
- – beds
- – baths
- 12,680 sqft
- ~1 acre lot
- $278 per sqft
- 1985 build
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.
Last checked:
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Last updated Jun 13, 2025
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MLS# 2389683 —
The Building
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Year Built:1968
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Year Built:1985
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Roof:Composition
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Exterior Features:Wood Products
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Units In Building Total:16
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# of Units Total:16
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Stories Total:1
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Building Area Total:12680
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Building Area Units:Square Feet
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Calculated SqFt:12680
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SqFt Source:Seller
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Construction Materials:Wood
Interior
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Flooring:Vinyl Plank
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.208891
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Longitude:-122.220367
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Directions:Highway 410 East. Valley Ave/Highway 162 North. East on Meade McCumber road east. North on Parker Road, East side of road.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Parcel Number:0520192095
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Lot Size Units:Square Feet
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Lot Size Acres:1.1607
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Lot Size SqFt:50560
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Lot Size Source:Pierce County Record
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View:false
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Waterfront:false
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 618-2207
- Office phone:
- (206) 618-2207
Taxes
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Tax Year:2025
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Tax Annual Amount:27643
The Listing
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Special Listing Conditions:None
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Virtual Tour Unbranded:
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Sewer:Sewer Connected
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Water Sewer Garbage:27648
Schools
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High School District:Sumner-Bonney Lake
The Community
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Subdivision Name:Sumner
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Amenities:Coin Op Laundry
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Senior Community:false
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Association:false
Parking
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Parking Total:43
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Parking Uncovered Spaces:43
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Open Parking:true
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Open Parking Spaces:43
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Carport:false
Listing courtesy of NWMLS / Blake Investment Advisors
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/9/25
Jun 9, 2025
|
Listed / Active | NWMLS | $3,530,000 | 212.0% (23.1% / YR) |
|
3/31/16
Mar 31, 2016
|
NWMLS | $1,131,400 |
