5050 Martin Luther King Jr Way S, Seattle, WA 98118

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: carolyn zheng
Office: skyline properties, inc.
MLS#:2544198
Source:NWMLS
5050 Martin Luther King Jr Way S,Seattle, WA 98118
$2,500,000
  • - Beds
  • - Baths
  • 2,736 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$913.74

About this home

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.

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Home facts

  • Year built:1951
  • Subdivision & Development:Columbia City
  • Listing ID #:2544198
  • Updated:October 10, 2026 at 11:18 AM

Rooms and interior

  • Flooring:Hardwood
  • Living area:2,736 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Built Up
  • Year built:1951
  • Building area:2,736 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Value In Land
  • Construction Materials:Wood Exterior Finish

Schools

  • High school:Franklin High
  • Middle school:Aki Kurose
  • Elementary school:M L King Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$913.74
  • Tax amount:$9,516 (2025)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:9
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