Active · Residential Income

3901 Martin Luther King Jr Way S, Seattle, WA 98108

Seattle, WA 98108

$1,750,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Westlake Associates, Inc. · MLS #2562520 · Active

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About this property

Empire Flats is a fully renovated 9-unit building conveniently located blocks from Mt Baker Light Rail Station. This is an excellent opportunity for an investor as most of the renovations have been completed and the buyer simply needs to raise rent/income. Comparable rents nearby show that there is room to raise rents significantly without additional upgrades. Empire Flats has spacious units that have been updated throughout with new cabinetry, quartz counters, and stainless appliances. The modernized apartments also have desirable LVP flooring and in-unit laundry. The low maintenance building has a newer roof and exterior paint. There are plans to covert the existing laundry area to a 10th unit (buyer to verify).

Property details

Property type: Multi Family
Year built: 1963
Lot size: 6,738 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $19,649 (2026)
Parking spaces: 2
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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