5050 Martin Luther King Jr Way Seattle, WA 98118

Multi-Family Acreage MLS #: 2199553 Listed By CENTURY 21 North Homes Realty

$2,100,000

2,736 sq ft
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Est. Property Tax: $7,683
Estimated monthly payments: $9,820/mo.* (recalculate)

Property InformationDescription

Best value is in the land. Zoned LR3 RC(M). Permits in process to build 5 townhomes on back of property plus a 10 unit street facing apartment building with 2 ground floor commercial spaces. Permits will be included in the price. Property will provide a nice income stream until you are ready to develop. Existing 4-plex has been updated with 4 identical 1 bdrm units plus an unfinished basement with laundry area and room to potentialy add another unit. Seller in process of installing a new roof. Plenty of parking in the back. Light rail station is only 2 blocks away. Architectual renderings available by request.
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Features

  • Exterior: Sidewalk
  • Lot Size: 0.15 Acres
  • Roof: Composition Shingle
  • Style: Other Style
  • Water: Municipal Water

MAP & DIRECTIONS

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5050 Martin Luther King Jr Way, Seattle, WA 98118
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School Information

5050 Martin Luther King Jr Way, Seattle, WA 98118

Elementary School
Grades KG-5 | Public School
HAWTHORNE ELEMENTARY SCHOOL
Seattle, WA 98118
4100 39th Ave S
206.­252.7210
Distance: 0.8 mi
School Rating
B
Student:Teacher Ratio
14:1
Total Students
420
Middle School
Grades 6-8 | Public School
MERCER INTERNATIONAL MIDDLE SCHOOL
Seattle, WA 98108
1600 S Columbian Way
206.­252.8000
Distance: 1.2 mi
School Rating
B
Student:Teacher Ratio
17:1
Total Students
1173
High School
Grades 9-12 | Public School
FRANKLIN HIGH SCHOOL
Seattle, WA 98144
3013 S Mount Baker Blvd
206.­252.6150
Distance: 1.4 mi
School Rating
D
Student:Teacher Ratio
19:1
Total Students
1239
Other Nearby Schools Distance Type Grades School Rating
Interagency Open Doors 0.2 mi Public 9-12 F
Dearborn Park International Elementary School 0.4 mi Public PK-5 B
St Edward School 0.6 mi Private PK-8
Orca K-8 School 0.7 mi Public KG-8 C+
Aki Kurose Middle School 0.7 mi Public 6-8 B-
Rainier Valley Leadership Academy 0.8 mi Public 6-10 C-
Martin Luther King Jr. Elementary School 1.1 mi Public KG-5 D-
Torah Day School Of Seattle 1.1 mi Private PK-8
Cleveland High School Stem 1.2 mi Public 9-12 C+
Graham Hill Elementary School 1.2 mi Public KG-5 B-
John Muir Elementary School 1.2 mi Public KG-5 C-
St George Parish School 1.2 mi Private PK-8
Seattle Urban Academy 1.3 mi Private 9-12
Derech Emunah Dba Seattle Jewish Girls High School 1.3 mi Private 9-12
Derech Emunah 1.3 mi Private 9-12
The Lake And Park School 1.3 mi Private PK-5
Maple Elementary School 1.4 mi Public KG-5 A-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Seattle, WA 98118

Median Age: 39
Married: 44%
Number of Households: 17,250
Households with Children: 28.4%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home