5050 MARTIN LUTHER KING JR WAY S, Seattle, WA 98118

Multi-Family Home
Built in 1951
6,299sqft lot
—— car garage
$——/sqft
Listed 1 day ago

Property 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.

Listing Status:: Active
Data Last Updated:: July 4, 2026 at 7:19PM
Listing Office:: Skyline Properties, Inc. : 425-455-2065
Listing Agent:: Carolyn Zheng : 425-455-2065
MLS ID:: 2544198

Flooring: Hardwood
A/C: Forced Air
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 9

Roofing: Built-Up
General: 54 - 4-PlexBlock

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Seattle
County: King

Zoning: 2660500296
View: CityView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Carolyn Zheng , Skyline Properties, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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