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$2,500,000
Listing Price4beds
4baths
2,736sqft
6,299sqft lot
5050 Martin Luther King Jr Way S, Seattle, WA 98118
Member Features
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Full foreclosure details
Home value, equity and ownership info
Find homes priced below market
Get full access with a FREE Account
Already a member?
For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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 Seattles fastest-growing urban villages.
Interior Details
2736
4
4
Has Heating:
Yes
Heating Type:
Electric
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Electric
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
6299
Yes
Yes
Type:
Garage, Open
Location:
N/A
Status:
N/A
Number of Spaces:
0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Custom Design
Wood
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$8,490
$850,300
$1,000
--%
$851,300
2020
$8,490
$850,300
$1,000
--%
$851,300
2019
$6,594
$724,300
$1,000
--%
$725,300
2018
$6,883
$661,300
$1,000
--%
$662,300
2017
$4,588
$440,900
$1,000
--%
$441,900
2015
$3,634
$346,400
$1,000
--%
$347,400
2014
$3,946
$346,400
$1,000
--%
$347,400
2012
$4,164
$346,400
$1,000
--%
$347,400
Average Home Price in 98118
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Zip Code
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Bed
Bath
Sqft
Lot
Sold Date
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Sold 09/29/2026
$1,151,100
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8 Beds
4 Baths
2,940 Sqft
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Sold 11/15/2025






