5050 Martin Luther King Jr Way South Seattle, WA 98118

$2,100,000
0.14
Acres
2,736
SQFT
768
$/SQFT
$2,100,000
2,736   sf
$768 / sf
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active
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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.

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.

  • Neighborhood
  • Type
  • County
    King
  • Area
    380 - Southeast Seattle
  • Tax Amount
    $7,683
  • Status
    Active
  • Listing #
    2199553
  • Built
    1951
  • Lot Size
    0.14
  • Listed on site
    74 days

Listed by:
CENTURY 21 North Homes Realty

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2024-04-29 13:01:05. DMCA
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Property details

Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Apr 4, 202425 days agoPrice decreased200,000 (9%)$2,100,000
Feb 15, 20242 mos agoNew on market$2,300,000
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