Active
  • Listed by: 

    Gabe Blake,

    Blake Investment Advisors,

    Joshua Blake,

    Blake Investment Advisors

    $3,530,000

    5303 Parker Road E, Sumner, WA 98390

    28beds
    16baths
    12,680sqft
    : 
    Multi Family
    Built in 1968
    -- sqft lot
    $3,186,000 Zestimate®
    $278/sqft
    $-- HOA

    What's special

    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.
    62 days
    on Zillow
    |
    269
    |
    13
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