5050 Martin Luther King Jr Way S, Seattle, WA 98118

Active

5050 Martin Luther King Jr Way S, Seattle, WA 98118


Courtesy of: Jim Conlan | CENTURY 21 North Homes Realty
$2,100,000 Seattle, WA 98118
  • 0.14 Acres
  • King County

Key Features

  • MLS ID: 2199553
  • Year Build: 1951
  • Status: Active
  • Property Type: Residential Income
  • Area: 380 - Southeast Seattle
  • Exterior: ["Wood"]
  • Address: 5050 Martin Luther King Jr Way S, Seattle, WA 98118
  • City: Seattle
  • State: WA
  • Zip: 98118
  • County: King

Description

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 Map

Building is on East side of MLK Jr Way S between S Hudson & S Dawson

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