5050 MARTIN LUTHER KING JR WAY S, Seattle, WA 98118
5050 MARTIN LUTHER KING JR WAY S, Seattle, WA 98118
5050 MARTIN LUTHER KING JR WAY S, Seattle, WA 98118
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Listed by:Skyline Properties, Inc. • Carolyn Zheng
$2,500,000
Est. payment /mo
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4 Beds
4 Baths
2,736 SqFt
Active

5050 MARTIN LUTHER KING JR WAY S Seattle, WA 98118

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,736 sqft

Price per Sqft $913

Subdivision Columbia City

MLS Listing ID 2544198

Style 54 - 4-Plex

Bedrooms 4

Year Built 1951

Annual Tax Amount $9,516

Lot Size 6,299 Sqft

Property Sub-Type Multi Family

Property Description

Prime Columbia City LR3 (M) Site — Fully Rented Income Property Outstanding investment opportunity along the MLK transit corridor. This LR3 RC (M)-zoned property sits just blocks from the Columbia City Light Rail Station and is fully rented, providing immediate income while offering strong long-term redevelopment potential. The site features gentle topography, solid solar exposure, and frontage along a major arterial with full sidewalks and light rail transit access. 5 minutes walk Surrounded by single-family, townhome, and multifamily developments, this location supports a wide range of future residential uses. Perfect for investors seeking cash flow now with development upside later in one of Seattle's fastest-growing urban villages.

Location

State WA

County King

Area 385 - Sodo/Beacon Hill

Interior

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV

View Y/N Yes

View City

Roof Type Built-Up

Building

Lot Description Value In Land

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools M L King Elem

Middle Schools Aki Kurose

High Schools Franklin High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Farm Home Loan, FHA

Listing Terms Cash, Conventional, Farm Home Loan, FHA

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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DJ Gee

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