5050 MARTIN LUTHER KING JR WAY S WAY, Seattle, WA 98118 (MLS # 2544198)
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Listing provided courtesy of Northwest MLS; Skyline Properties, Inc.
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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.
| LAST UPDATED | 7/3/2026 | TRACT | Columbia City |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | Columbia City |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | M L King Elem |
|---|---|
| Jr. High School | Aki Kurose |
| High School | Franklin High |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 385 - SODO/Beacon Hill |
| BASEMENT | Yes |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Natural Gas |
| LOT | 6299 sq ft |
| LOT DESCRIPTION | Value In Land |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Columbia City |
| TAXES | 9516 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | Commercial |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/4/26 11:39 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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