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Listed by: Carolyn Zheng (206) 688-9573 | Skyline Properties, Inc. (425) 455-2065
$2,500,000
Monthly Est:$12,443
4 Beds
4 Baths
2,736sqft
5050 Martin Luther King Jr Way S, Seattle, WA 98118
$2,500,000
$12,443/moEst:
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Multi Family
Built in 1951
$-- HOA
6,299 sqft lot
$914/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:36 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2544198
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1951
HOA Fees
-
Finished Area
2,736 sqft
Lot Size
6,299 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2544198
MLS Status
Active
Days on Market
90
Cumulative Days on Market
90
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Interior
Flooring
Hardwood
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
Forced Air
Construction
Year Built
Year Built: 1951
Home type
Multi Family
Roof
Built Up
Property Condition
Average
Foundation Details
Block
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Value In Land
Subdivision Name
Columbia City
Price History
| Date | Event | Price |
|---|---|---|
07/04/2026 Source: | Listed for Sale | $2,500,000 $914/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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 is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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