5050 MARTIN LUTHER KING JR WAY S · Seattle, WA 98118
Source: NWMLS · Skyline Properties, Inc. · Carolyn Zheng #NWM2544198
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.
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 2 stories
- Condition
- Average
- Year built
- 1951 (renovated 1987)
- Building area
- 2,736 sq ft
- Lot size
- 6,299 sq ft (0.14 acres)
- County
- King
- MLS #
- NWM2544198
Interior
- Heating
- Baseboard
- Cooling
- Forced Air
- Flooring
- Hardwood
Exterior & lot
- Exterior features
- Wood
- Roof
- Built-Up
- Foundation
- Block
- Lot features
- Value In Land
- View
- City
- Waterfront
- No
Parking
- Parking spaces
- 9
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Natural Gas
Community & fees
- Subdivision
- Columbia City
- Property tax
- $9,516 (2025)
Transaction
- Listed on
- Jul 3, 2026
- Days on market
- 79
- Listing terms
- Cash, Conventional, Farm Home Loan, FHA
- Possession
- Closing
More homes nearby
Schools
School district: Seattle
- Elementary
- M L King Elem
- Middle
- Aki Kurose
- High
- Franklin High SchoolSchoolDigger 2 stars · Top 56% in WA
Listing provided courtesy of: Skyline Properties, Inc.
Listing agent: Carolyn Zheng.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-07-15.