5050 Martin Luther King Jr Way South

Seattle, WA 98118

$2,100,000
Price
6,299 / 0.14
Lot Size / Acres

Description

Permitting in progress for 5 townhomes and a 10 unit apartment bldg with 2 commercial spaces on the ground floor. Price includes permit and all architectural drawings. Currently there is a 4 plex on the property generating $6,100/mo in rent. Possible to build 9 townhomes instead of the comb. of townhomes + apt bldg.Permitting in progress for 5 townhomes and a 10 unit apartment bldg with 2 commercial spaces on the ground floor. Price includes permit and all architectural drawings. Currently there is a 4 plex on the property generating $6,100/mo in rent. Possible to build 9 townhomes instead of the comb. of townhomes + apt bldg.
  1. Listed by Jim Conlan • CENTURY 21 North Homes Realty
  2. Listed by Ross Daniel • CENTURY 21 North Homes Realty

Property Details for 5050 Martin Luther King Jr Way South

Community Name
Rainier Valley
School District
Seattle
View
Territorial
Entry Date
02-14-2024
Sewer
On Property

Location

Listing Courtesy of CENTURY 21 North Homes Realty
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LISTING UPDATED: 04/16/2024 10:32 AM

Property Details for 5050 Martin Luther King Jr Way South

StatusActive
MLS #2200508
Days on Market77
Cumulative Days on Market76
Taxes$7,683 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.14 AC
CountyKing County

Location

Listing Courtesy of CENTURY 21 North Homes Realty
Add your commute

Building Information for 5050 Martin Luther King Jr Way South

Lot Size0.14 AC

Payment Calculator

$12,101 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$640

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5050 Martin Luther King Jr Way South

Summary
Location and General Information
  • Style: 42 - Multi-Family
  • Area: 380 - Southeast Seattle
  • Directions: Building is on East side of MLK Jr Way S between S Hudson & S Dawson
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Carport: No
Interior and Exterior Features
Interior Features
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: On Property
  • Water Source: On Property
  • Utilities: Natural Gas Available, Electricity Connected
Property and Assessments
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • Water Jurisdiction: City of Seattle
  • Zoning Remarks: LR3 RL(M)
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Improvements: Dwelling
  • Possible Use: Multi-Family
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 3
Lot Information
  • Lot Details: Curbs, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 2660500296
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Road On Which Side: W
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 5050 Martin Luther King Jr Way South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5050 Martin Luther King Jr Way South

Taxable ValueLand$850,300Additions$1,000Total$851,300
Tax Record2022$33,025 ($2,752 / month)
Home Facts
Total Finished SqFt2,736 SqFtAbove Ground SqFt2,736 SqFtStories2Lot Size6,299 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951Year Renovated1987ZoningLR3 RC (M)CountyKINGAPN266050-0296

Schools near 5050 Martin Luther King Jr Way South

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Hawthorne Elementary School
PublicPK to 5

Aki Kurose Middle School
Public6 to 8

Franklin High School
Public9 to 12

Interagency Programs
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5050 Martin Luther King Jr Way South is a 0.14 ac of land for sale in Seattle, WA 98118. This property was listed for sale on February 14, 2024 by CENTURY 21 North Homes Realty, it's currently listed at $2,100,000. This listing's school district is Seattle Public Schools. Nearby schools include Hawthorne Elementary School, Aki Kurose Middle School and Franklin High School. 5050 Martin Luther King Jr Way South is a 0-bed, 0-bath, 0.14 ac of land on a 6,299 sq. ft. / 0.14 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 North Homes Realty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.