Fully Rented Multifamily Income
For Sale
$2,500,000
5050 Martin Luther King Jr Way S, Seattle, WA 98118
Fully rented multifamily income property, LR3 (RC (M)) zoned, with frontage along a major arterial and light-rail access nearby.
Property Size2,736 SF
Price / SF$913.74
Days on Market106
Property Features for 5050 Martin Luther King Jr Way S
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi-family
Zoning
LR3 RC (M)
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
1951
Listing Agency:
Skyline Properties,Inc.
Listed By:
Carolyn Zheng
(206) 331-9971
Source:
Skylineproperties
Added: Jun 21
Changed: Oct 4
Last Checked: Oct 4 at 10:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skyline Properties,Inc.
Investment Insights
Based on property information with market context.
This fully rented multifamily income property is located on an LR3 (RC (M)) zoned site. The property is described as having gentle topography and frontage along a major arterial with full sidewalks and light rail transit access.
The site is just blocks from the Columbia City Light Rail Station and is presented as a walkable option, with surrounding development including single-family, townhome, and multifamily uses. The address is 5050 Martin Luther King Jr Way S, Seattle, WA 98118, and the property is offered for sale.
The site is just blocks from the Columbia City Light Rail Station and is presented as a walkable option, with surrounding development including single-family, townhome, and multifamily uses. The address is 5050 Martin Luther King Jr Way S, Seattle, WA 98118, and the property is offered for sale.
Key Highlights
- Year built 1951
- Fully rented multifamily income property
- LR3 (RC (M)) zoning
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 98118, WA
47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented multifamily income property, LR3 (RC (M)) zoned, with frontage along a major arterial and light-rail access nearby.
Where is this multifamily property located?
The property is located at 5050 Martin Luther King Jr Way S Seattle, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Year built 1951; Fully rented multifamily income property; LR3 (RC (M)) zoning
