5050 Martin Luther King Jr Way S Seattle, WA 98118
5050 Martin Luther King Jr Way S
Seattle, WA 98118
$2,100,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Rainier Valley
4-Plex
View: Territorial
Exterior: Wood
Roof: Composition
Year Built: 1951
2023 Taxes: $7683.00
Listing #: 2199553
Lot Details
Lot Size: 0.14 acres
Curbs
Sidewalk
Value In Land
No. of Units: 4
Interior
Cooling: None
Heating: Baseboard
Electric
Natural Gas
Call or Email:
Grace Wamwere
What's Near 5050 Martin Luther King Jr Way S Seattle, WA 98118?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of CENTURY 21 North Homes Realty
