Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5303 Parker Rd E Sumner, WA 98390

    For Sale
    $3,530,000

    Comprehensively renovated multifamily property with immediate cash flow potential.

    Property Features for 5303 Parker Rd E

    General Information

    Standard status
    Active

    Building Details

    Year built
    1968

    Source: BLAKE INVESTMENT ADVISORS Agent GABE BLAKE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Sumner Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity with immediate cash flow. The property has undergone a comprehensive interior and exterior renovation, potentially eliminating deferred maintenance and creating a durable income stream. Currently, the property yields $71,495 annually, with a Cash on Cash Return of 6.56%. There is an opportunity to add washers and dryers, potentially boosting the Cash on Cash return to 8.08%, yielding $100,203 annually. The property has an outsized return potential with an End of Year 5 Levered Yield of 20.85%. The property is situated on a 50,560 square foot piece of ground zoned High Density Residential with opportunity to build 29 units or 28 townhomes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.2210639
    Latitude
    47.2089544

    Nearby Similar for Sale

    • $1,499,000
      6,725 SF

      Sumner Office Building For Sale

      Three-story office building in Sumner with four tenants.
      1006 Fryar Ave, Sumner, WA 98390
      View Details
    • $1,100,000
      3,280 SF

      Sumner Multifamily Investment Opportunity

      Six-unit apartment building in Downtown Sumner with redevelopment potential.
      824 Kincaid Ave, Sumner, WA 98390
      View Details
    • $499,900
      1,716 SF

      Corner Unit Home with Loft

      Two-bedroom home with loft, custom features, and community amenities.
      7620 146Th Avenue Ct E, Sumner, WA 98390
      View Details
    • $699,000

      Sumner Redevelopment Site or Church

      Prime downtown Sumner redevelopment site or updated church for sale.
      611 Mckinnon Ave, Sumner, WA 98390
      View Details
    • Contact for pricing
      77,500 SF

      77,500 SF Industrial Building

      100% leased industrial building in Sumner, Washington.
      1515 Puyallup St, Sumner, WA 98390
      View Details
    • $3,300,000
      7,339 SF

      Sumner Industrial Property For Sale

      Two-building industrial property in Sumner, WA, with leaseback options.
      1504 Fryar Ave, Sumner, WA 98390
      View Details

    FAQs

    What type of property is this?
    Apartment building - Comprehensively renovated multifamily property with immediate cash flow potential.
    Where is this apartment building located?
    The property is located at 5303 Parker Rd E Sumner, WA.
    What is the asking price?
    The asking price for this property is $3,530,000.
    What are key features of this property?
    This property features: - Comprehensively Renovated Asset: Enjoy a durable income stream with no deferred maintenance.; - Immediate Cash Flow: Benefit from a current Cash on Cash Return of 6.56%, yielding $71,495 annually.; - Outsized Return Potential: Anticipate an impressive End of Year 5 Levered Yield of 20.85%.
    Request Owner's contact information
    5303 Parker Rd E Sumner, WA 98390
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5303 Parker Rd E
    Sumner, WA 98390
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5303 Parker Rd E Sumner, WA 98390
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.