1670214613291061
5050 Martin Luther King Jr Way S Seattle, WA 98118
Listing Courtesy of: Northwest MLS / Century 21 North Homes Realty / Jim Conlan / CENTURY 21 North Homes Realty / Ross Daniel

  5050 Martin Luther King Jr Way S Seattle, WA 98118

Active (74 Days)
$2,100,000
2,736
SQFT
See Similar Listings

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.

MLS #:
2199553
Taxes
$7,683(2023)
Lot Size
6,299 SQFT
Type
Multifamily
Year Built
1951
Style
4-Plex
Views
Territorial
School District
Seattle
County
King County
Community
Rainier Valley

Listed By

Jim Conlan, Century 21 North Homes Realty
Ross Daniel, CENTURY 21 North Homes Realty
Source
Northwest MLS as distributed by MLS Grid
Last checked Apr 28 2024 at 11:58 PM GMT+0000
Bathroom Details
Subdivision
  • Rainier Valley
Lot Information
  • Curbs
  • Sidewalk
  • Value In Land
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Exterior Features
  • Wood
  • Roof: Composition
Utility Information
  • Sewer: Step Sewer
  • Fuel: Electric, Natural Gas
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 04, 2024
Price Changed
$2,100,000
-9%
-200,000
Feb 14, 2024
Original Price
$2,300,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2024 4/28/24 16:58. 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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