Othello Urban Village Townhome
For Sale
$1,900,000
7712 & 7714 Martin Luther King Jr Way #7 & 8, Seattle, WA 98118
Approved townhome project near Othello Station and future Othello Square.
Property SizeContact for details
Days on Market548
Property Features for 7712 & 7714 Martin Luther King Jr Way #7 & 8
General Information
Standard status
Active
Site & Location
Neighborhood
Rainier Valley
Taxes and HOA fees
Annual Taxes
$3,173
Listing Agency:
CENTURY 21 REAL ESTATE CENTER
Listed By:
WILHELMINA ESCANDAR
Source:
Corcoran
Added: Apr 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 CENTURY 21 REAL ESTATE CENTER
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Investment Insights
Based on property information with market context.
This property features two parcels intended for a 14-unit townhome project with 14 parking spaces, situated in the Othello Urban Village, across from Othello Station and near the future Othello Square Development. Ten units are designed with "micro-ADUs" on the ground level. The proposed development spans 24,388 square feet across two large, level parcels. Original drawings are paid for, approved, and permits are current and included in the list price. The plan incorporates a rooftop deck, outdoor seating, a personal play area, a tree canopy, permeable pavers, and edible greenery. The project is designed with environmental considerations and a 'woonerf design' to provide enriching living spaces.
Key Highlights
- Approved plans and current permits for 14 townhome units included in the list price, ready to break ground.
- Premium location in Othello Urban Village, across from Othello Station and near the future Othello Square Development.
- Two large level parcels totaling 24,388 sqft.
Location Intelligence
Trade Area within ½ mile
980
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved townhome project near Othello Station and future Othello Square.
Where is this residential land & home lot located?
The property is located at 7712 & 7714 Martin Luther King Jr Way #7 & 8 Seattle, WA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Approved plans and current permits for 14 townhome units included in the list price, ready to break ground.; Premium location in Othello Urban Village, across from Othello Station and near the future Othello Square Development.; Two large level parcels totaling 24,388 sqft.
