5050 Martin Luther King Jr. Way, Seattle, WA 98118 | 1910907 | Prime Alliance Real Estate Services

5050 Martin Luther King Jr. Way $3,450,000

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    5050 Martin Luther King Jr. Way Seattle, WA 98118

    • 0 Beds
    • 0 Baths
    • 3,420 sq. ft.
    • Multi-Family
    • Listing# 1910907
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    Views: 35 Days On Site: 133

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    Property Details

    Investor Alert! Value in land. A fantastic development site on MLK Jr Way S, located a few blocks from the light rail station. Zoned LR3 RC(M) , offers for sale with the City approved planning & architectural designs included. The project is "ready for permit" comprises of a front building with 2 street level commercial units plus 8 condos on top, 5 townhomes in the rear and 2 parking garages. The recently updated 4-plex building with on-site 4 parkings generate $5,600/mn rent, is surrounded by restaurants, shops and local parks in the vibrant Columbia City neighborhood. Easy commute to Seattle downtown and Sea-Tac Airport.

    • General Features
      • Building Name Fryes Add To Columbia
      • County Or Parish King
      • Furnished Unfurnished
      • Leasable Area 2736
      • Leasable Area Units Square Feet
      • MLS Area Major 380 - Southeast Seattle
      • New Construction Y/N No
      • Property Sub Type Multi-Family
      • Style Code 54 - 4-Plex
      • Subdivision Name Columbia City
      • Tax Annual Amount 1100
      • Tax Year 2022
      • Year Built 1951
    • Building Features
      • Building Area Total 3420
      • Building Area Units Square Feet
      • Heating Y/N Yes
      • Living Area 0
      • Living Area Units Square Feet
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 0
      • Irrigation Water Rights Y/N No
      • Lot Size Acres 0.1446
      • Lot Size Dimensions 58'x117'x62'x97'
      • Lot Size Square Feet 6299
      • Lot Size Units Square Feet
      • Open Parking Spaces 4
      • Open Parking Y/N Yes
      • Parking Total 4
      • View Y/N No
      • Waterfront Y/N No
    • Schools
      • Elementary School Seattle Public Sch
      • High School Seattle Public Sch
      • High School District Seattle
      • Middle Or Junior School Seattle Public Sch

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    Neighborhood

    98118 (Seattle) Demographics

    38 Median Age
    5,537 Population Density (per sq. mile)
    52% College Educated
    $85,541 Estimated Median Income
    10,763 Estimated Total Home Owners
    7,314 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    49,702 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $772,500 Median Sales Price
    52 Homes Sold
    60 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,450,000
        5/4/2022 1:02:21 AM Price Reduced Source: Multiple Listing Service New Value: $3,450,000 -8%
        4/2/2022 11:33:00 AM New in Database Source: Multiple Listing Service New Value: $3,750,000

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        This property search is part of the Prime Alliance Real Estate Services website. Listing information is courtesy of the WA-NWMLS and Prime Alliance Real Estate Services. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol:MLS Logo provided by Northwest Multiple Listing Service, 2022. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.