Listing Office: Skyline Properties, Inc. Northwest Multiple Listing Service Logo

5050 Martin Luther King Jr Way S, Seattle, WA

$2,500,000

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2,736

Square feet

0.14

Acres

About 5050 Martin Luther King Jr Way S

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 Seattle’s fastest-growing urban villages.

Features of 5050 Martin Luther King Jr Way S

MLS® # 2544198
Price $2,500,000
Square Footage 2,736
Acres 0.14
Year Built 1951
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 5050 Martin Luther King Jr Way S
Area 385 - SODO/Beacon Hill
Subdivision Columbia City
City Seattle
County King
State WA
Zip Code 98118

Amenities

Parking Spaces 9
View City
Is Waterfront No

Interior

Heating Baseboard
Cooling Forced Air
Fireplace No
# of Stories 2

Exterior

Exterior Features Wood
Lot Description Value In Land
Foundation Block

School Information

District Seattle
Elementary M L King Elem
Middle Aki Kurose
High Franklin High

Additional Information

Date Listed July 3rd, 2026
Days on Market 54
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSkyline Properties, Inc.

Listing Map

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