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$2,500,000

Listing Price

4beds

4baths

2,736sqft

6,299sqft lot

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

Member Features

Find Real Estate Bargain!

  • 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

Multi-Family

Home type

--

Price / sqft

1951

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

Square Feet
  • 2736

Bedrooms
  • 4

Bathrooms
  • 4

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Electric

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 6299

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Open

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    0

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • Custom Design

Exterior
  • Wood

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • 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

percent-home-icon

Average Home Price in 98118

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$949,950

3 Beds

2 Baths

2,580 Sqft

4,223 Lot (sqft)

Sold 09/29/2026

$1,151,100

8 Beds

4 Baths

2,940 Sqft

5,200 Lot (sqft)

Sold 11/15/2025

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
2,500,000
$
Down payment
500,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
15,000
$
HOA (Monthly)
0
$
PMI
0
$
$16,183
Your Payment
Total Monthly Payment:$16,183
Percent of Income:277%
Affordable:No

Details for 5050 MARTIN LUTHER KING JR WAY S

Property Debt

Foreclosure Contact Details