Active · Residential Income

5050 MARTIN LUTHER KING JR WAY S , Seattle, WA 98118

Seattle, WA 98118

$2,500,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Skyline Properties, Inc. · MLS #2544198 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1951
Lot size: 6,299 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $9,516 (2025)
Parking spaces: 9
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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