Updated Three-Unit
For Sale
$959,500
5807 March Ln, Sumner, WA 98390
Three refreshed residences offer private outdoor areas, garages, and in-unit laundry.
Property Size3,168 SF
Price / SF$302.87
Days on Market55
Property Features for 5807 March Ln
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 2BR/1.5BA
Multifamily Units
3
Parking per Unit
1
Amenities
washer & dryer
fireplaces
patios
fenced backyards
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Chris Murphy · License #111144
(360) 918-6497
Source:
Pugetsoundrealestate
Added: Sep 13
Changed: Nov 6
Last Checked: Nov 4 at 1:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Located at 5807 March Ln in Sumner, this 3,168-square-foot triplex contains three updated two-bedroom residences, each with 1.5 baths, a washer and dryer, vinyl windows, laminate flooring, a fireplace, and a one-car garage. Unit A adds quartz kitchen countertops, new cabinets, and an updated bathroom. The property was built in 1981.
Each residence includes a patio and a fenced backyard, while additional driveway parking supports the three-unit configuration. Set within a cul-de-sac and surrounded by homes, the property is near schools, parks, and other amenities. All three units are tenant-occupied and currently rented.
Each residence includes a patio and a fenced backyard, while additional driveway parking supports the three-unit configuration. Set within a cul-de-sac and surrounded by homes, the property is near schools, parks, and other amenities. All three units are tenant-occupied and currently rented.
Key Highlights
- Three fully updated two‑bedroom units, each with 1.5 baths
- 3,168‑square‑foot triplex built in 1981
- Each unit includes a washer and dryer, fireplace, vinyl windows, laminate flooring, and a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,564
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,280
$831.3K
Cap Rate 7%
$593,771
$593.8K
Cap Rate 9%
$461,822
$461.8K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$63.9K $20.16/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$59.4K $18.74/SF
− OpEx
−$17.8K −$5.62/SF
NOI
$41.6K $13.12/SF
Area
Pierce County, WA
Vacancy
7.03%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,280
Cap Rate 7%
$593,771
Cap Rate 9%
$461,822
Alternative Uses
Best Use
Multifamily LT 5
$593.8K
$519.6K – $692.7K
NOI $41,564 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$547.7K
$479.2K – $638.9K
NOI $38,336 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$855.6K
$748.7K – $998.3K
NOI $59,895 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 98390, WA
11,727
Population
4,836
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
91%
High-School Grad
9.2 sq mi
ZIP Area
1,275
Density / Sq Mi
$97,815
Median Household Income
$56,909
Median Earnings
$1,886
Median Rent
$471,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed residences offer private outdoor areas, garages, and in-unit laundry.
Where is this triplex located?
The property is located at 5807 March Ln Sumner, WA.
What is the asking price?
The asking price for this property is $959,500.
What are key features of this property?
This property features: Three fully updated two‑bedroom units, each with 1.5 baths; 3,168‑square‑foot triplex built in 1981; Each unit includes a washer and dryer, fireplace, vinyl windows, laminate flooring, and a one‑car garage
