Date
Details
Price
Change
Source
7/03/2026
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,500,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 5050 Martin Luther King Jr Way S
General
- Price: $2,500,000
- Taxes: $9,516 (2025)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2544198
- Updated: 7/4/2026
- Added to Site: 7 day(s) ago
Interior
- Flooring: Hardwood
Additional Information
- Amenities: Cable TV
Parking
- Uncovered Spaces: 9
Location
- Area: 385 - SODO/Beacon Hill
- County: King
- Subdivision: Columbia City
- Driving Directions: Please do not disturb the tenants.
School Information
- High School District: Seattle
- Elementary School: M L King Elem
- Middle School: Aki Kurose
- High School: Franklin High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Forced Air
- Heating Type: Baseboard
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Quadruplex
- Exterior Const.: Wood
- Foundation: Block
- Roof: Built-Up
- Stories in Building: 2
- Square Feet: 2,736
- Year Built: 1951
- Property Condition: Average
Unit Information
- Units in Building: 4
Lot Features
- Property View: City
- Lot Size (Acres): 0.1446
- Lot Size (Sq. Ft.): 6,299
- Lot Size Source: .14
- Lot Features: Value In Land
- Zoning: Commercial
Green Features
- Building Certification: Other
Financial Considerations
- Tax Amount: $9,516
- Tax Year: 2025
- Terms: Assumable, Cash, Conventional, Farm Home Loan, FHA
Disclosures and Reports
- Special Conditions: None
- Property ID: 2660500296
Listed by Carolyn Zheng | Skyline Properties, Inc. | (425) 455-2065
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Schools
Schools serving 5050 Martin Luther King Jr Way S
School District:Seattle School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, Seattle, WA 4100 39th Avenue South, Seattle, WA 98118 | K-5 | 0.8 mi |
Aki Kurose Middle School 3928 South Graham Street, Seattle, WA 98118 | 6-8 | 0.7 mi |
Cleveland High School, Seattle, WA 5511 15th Avenue South, Seattle, WA 98108 | 9-12 | 1.2 mi |
Franklin High School, Seattle, WA 3013 South Mount Baker Boulevard, Seattle, WA 98144 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5050 Martin Luther King Jr Way S
Tax History
Tax History for 5050 Martin Luther King Jr Way S
Year
Property Taxes
Change
Tax Assessment
Change
2026
$9,516
10%
$876,000
3%
2025
$8,622
1%
$851,300
—
2024
$8,526
-74%
$851,300
—
2022
$33,025
284%
$851,300
—
2021
$8,606
1%
$851,300
—
2020
$8,490
29%
$851,300
17%
2019
$6,595
-4%
$725,300
10%
2018
$6,884
50%
$662,300
50%
2017
$4,588
13%
$441,900
17%
2016
$4,052
12%
$378,900
9%
2015
$3,634
-8%
$347,400
—
2014
$3,946
—
$347,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5050 Martin Luther King Jr Way S
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- Single Family
- Active
- Updated 3 hours ago
- 4Beds
- 6Total Baths
- 8,290Sq. Ft.
Listed by Rodney Tom | Windermere Real Estate/East
- Single Family
- Active
- Updated 3 hours ago
- 5Beds
- 4Total Baths
- 3,520Sq. Ft.
Listed by Paula Holtzclaw (206) 708-4721
- Condo
- Active
- Updated 7 hours ago
- 1Bed
- 1Total Bath
- 800Sq. Ft.
Listed by Christy Khalaf | Keller Williams Realty PS
- Land Residential
- Active
- Updated 3 hours ago
- 0.4974Acres
Listed by Helena Chen | eXp Realty
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 5Total Baths
- 4,021Sq. Ft.
Listed by Daniel Sessoms | Compass and Kelly Marie Langston | Compass
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,970Sq. Ft.
Listed by Christy Beach | Redfin
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 5Total Baths
- 4,362Sq. Ft.
Listed by Ling Drost | WeLakeside and Greg Rosenwald | Compass
- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 4Total Baths
- 3,060Sq. Ft.
Listed by Karen Eschbach (206) 276-2216
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- Single Family
- Closed
- 6Beds
- 4Total Baths
- 3,537Sq. Ft.
Listed by Ron J. Rubin | RE/MAX Metro Realty, Inc.
Sold by Adam Greenhalgh | Columbia Property Services
Sold by Adam Greenhalgh | Columbia Property Services
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 4,050Sq. Ft.
Listed by Sharlane Chase | Windermere Real Estate Co.
Sold by Shawna Ader | Windermere Real Estate Midtown
Sold by Shawna Ader | Windermere Real Estate Midtown
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,770Sq. Ft.
Listed by Simon Cruz | John L. Scott, Inc and Jonathan D. Bye | John L. Scott, Inc
Sold by Jennifer Graves | Terrafin
Sold by Jennifer Graves | Terrafin
- Single Family
- Closed
- 6Beds
- 4Total Baths
- 5,590Sq. Ft.
Listed by Nina Thornsburg | Windermere R E Mount Baker
Sold by Bob Bennion | Compass and Mary P. Snyder | Compass
Sold by Bob Bennion | Compass and Mary P. Snyder | Compass
5050 Martin Luther King Jr Way S, Seattle, WA 98118 (MLS# 2544198) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 5050 Martin Luther King Jr Way S is currently listed for $2,500,000 and was received on July 03, 2026. Want to learn more about 5050 Martin Luther King Jr Way S? Do you have questions about finding other Multi-Family real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.