5050 Martin Luther King Jr Way S, Seattle, WA 98118 (MLS # 2199553)
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Listing provided courtesy of Northwest MLS; CENTURY 21 North Homes Realty
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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.
| DAYS ON MARKET | 81 | LAST UPDATED | 4/4/2024 |
|---|---|---|---|
| TRACT | Rainier Valley | YEAR BUILT | 1951 |
| COMMUNITY | Rainier Valley | COUNTY | King |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Seattle |
|---|
| PRICE HISTORY | |
| Prior to Apr 4, '24 | $2,300,000 |
|---|---|
| Apr 4, '24 - Today | $2,100,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 380 - Southeast Seattle |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric, Natural Gas |
| LOT | 6299 sq ft |
| LOT DESCRIPTION | Curbs, Sidewalk, Value In Land |
| STORIES | 2 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Rainier Valley |
| TAXES | 7683 |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/5/24 5:26 AM PDT. 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.
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