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Fully Rented Multifamily Income Property

5050 Martin Luther King Jr Way S Seattle, WA 98118

5050 Martin Luther King Jr Way S, Seattle, WA, 98118
$2,500,000
For Sale
$2,500,000

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 Market24

Property Features for 5050 Martin Luther King Jr Way S

General Information

Standard status
Active
Size
2,736 SF
Property subtype
Multi-family

Building Details

Year Built
1951
Listing agency Skyline Properties,Inc.
Listed by Carolyn Zheng
Source Century21northhomes
Added: Jun 30 Updated: Jul 21 at 1:55AM Checked: Jul 22 at 7:07AM

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.

Key Highlights

  • Year built 1951
  • Fully rented multifamily income property
  • LR3 (RC (M)) zoning

Property Analytics

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Electrical Service Kitchen & Bath Showroom Building Supply Computer & Electronic Repair Tech Support Center Law Firm (Bike/Boat/Book/etc) Store Real Estate Agency Pet Grooming Service Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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