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About the Listing 5353 - 141715
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.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
2544198
Year Built
1951
Total Square Footage
2,900
Lot/Acreage
0.14
County
King
Neighborhood
Columbia City
School District
Seattle
Elementary School
M L King Elementary
Middle School
Aki Kurose
High School
Franklin High
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Forced Air
- Heating: Baseboard
- Fireplaces: 0
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Value In Land,Cable TV,Zoning: Commercial
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: Commercial
- Roof: Built-Up
- Others: Wood,Average
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $9,516
- Taxes w/Assessments: N/A
- Tax/Property ID: 2660500296
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
5050 Martin Luther King Jr Way S Seattle, WA 98118
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