Provided by NWMLS, Listed by CENTURY 21 North Homes Realty
Active
5050 Martin Luther King Jr Way S
Seattle WA, 98118
$2,100,000
$767.54 per sqft
Active
2,736 sqft
Multi-family
Built in 1951
Best value is in the land. Zoned LR3 RC(M). Permits in process to build 5 townhomes on back of property plus a 10 unit street facing apartment building with 2 ground floor commercial spaces. Permits will be included in the price. Property will provide a nice income stream until you are ready to develop. Existing 4-plex has been updated with 4 identical 1 bdrm units plus an unfinished basement with laundry area and room to potentialy add another unit. Seller in process of installing a new roof. Plenty of parking in the back. Light rail station is only 2 blocks away. Architectual renderings available by request.
2199553
MLSⓇ ID
February 14, 2024
Listed
April 16, 2024
Updated
Map
5050 Martin Luther King Jr Way S
Seattle WA, 98118
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.14 Acres
Exterior Features
Wood
Lot Features
Curbs, Sidewalk, Value In Land
Roof
Composition
Sewer
STEP Sewer
School Information
School District
Seattle
Other Property Details
Area Name
380 - Southeast Seattle
Taxes
$7,683
Tax Frequency
Annually
Garage
No
Parking Total
4
View
Yes
View Description
Territorial
County
King
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
4/4/2024 | Price Change | $2,100,000 -9% |
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 4/27/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 4/27/2024 at 12:00 PM UTC