5050 Martin Luther King Jr Way S, Seattle WA, 98118
(Active)
$2,100,000
|
|
MLS# 2200508
Last Updated: 4/28/2024 6:18 PM
Description for
5050 Martin Luther King Jr Way S
Seattle, WA 98118
Permitting in progress for 5 townhomes and a 10 unit apartment bldg with 2 commercial spaces on the ground floor. Price includes permit and all architectural drawings. Currently there is a 4 plex on the property generating $6,100/mo in rent. Possible to build 9 townhomes instead of the comb. of townhomes + apt bldg.
Price
$2,100,000
Rainier Valley
King
2200508
Active
Description
Permitting in progress for 5 townhomes and a 10 unit apartment bldg with 2 commercial spaces on the ground floor. Price includes permit and all architectural drawings. Currently there is a 4 plex on the property generating $6,100/mo in rent. Possible to build 9 townhomes instead of the comb. of townhomes + apt bldg.
Listing Information
| Property Type: Land, Other | ||
| 0.14 Acres | Multi-Family | |
Rainier Valley
Natural Gas Available, Electricity Connected
Neighborhood
School Information
| District: Seattle | ||
Room Information
Interior Features
Other,
None
Exterior / Lot Features
Other
LR3 RL(M)
Level
Curbs,Sidewalk
Driving Directions
Building is on East side of MLK Jr Way S between S Hudson & S Dawson
Financial Considerations
| 2660500296 |
| $7,683 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98118 has a population of 758,862.
The median household income in Seattle, Washington 98118 is $87,093. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98118 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/4/2024 | Active | $2,100,000 USD -8.70% |
|
| 2/15/2024 | Active | $2,300,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $7,683 USD | -76.74% | $851,300 USD | - |
| 2022 | $33,025 USD | 283.74% | $851,300 USD | - |
| 2021 | $8,606 USD | 1.37% | $851,300 USD | - |
| 2020 | $8,490 USD | 28.75% | $851,300 USD | 17.37% |
| 2019 | $6,594 USD | -4.20% | $725,300 USD | - |