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:August 26, 2026 at 12:28 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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 26, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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