$2,100,000
Martin Luther King Jr Way, Seattle, 98118
5050 Martin Luther King Jr Way S, Seattle, WA 98118
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.
Listing Courtesy of
CENTURY 21 North Homes Realty
Source Northwest MLS
Media
- Photos
PROPERTY DETAILS
- Mls Id2199553
- StatusActive
- AreaRainier Valley
- Foundation DetailsPoured Concrete
- CarportNo
- CitySeattle
- CountyKing
- Exterior FeaturesWood
- FireplaceNo
- High School DistrictSeattle
- Living Area0 Square Feet
- Lot FeaturesCurbs, Sidewalk, Value In Land
- Lot Acres0.1446
- Lot Square Feet6299
- New ConstructionNo
- Zip Code98118
- Property TypeMulti-Family
- RoofComposition
- SewerSTEP Sewer
- WaterfrontNo
- Water SourcePublic
- Year Built1951
- Checked For Updates2024-05-14 03:01:26 PDT
Based on information submitted to the MLS GRID as of 2024-05-14 03:01:26 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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