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  • Listed by: 

    Ann Hiatt,

    COMPASS,

    Jared Holland,

    COMPASS

    $539,600

    5955 Martin Luther King Jr Way S, Seattle, WA 98118

    3beds
    1,280sqft
    Single Family Residence
    Built in 1924
    4,203.54 Square Feet Lot
    $539,600 Zestimate®
    $422/sqft
    $2,936 Estimated rent

    What's special

    MIXED USE INVESTMENT OPPORTUNITY! This 4,205sqft lot is located in the heart of South Seattle & zoned NC2-75 for commercial OR residential use. Envision the possibilities – make necessary repairs to rent out the existing single-family home while you obtain permits to build 4+ townhomes, OR a mixed-use apartment building (23,127 allowable gross sf) w/ retail businesses on the bottom! A walk score of 84, paired with its close proximity to freeways, the light rail, dining, & shopping, make this location an attractive option for current & future renters to be. It's only a matter of time before this convenient area becomes one of Seattle’s sought after neighborhoods! Great opportunity to build affordable housing & capitalize on the tax benefits!

    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2022 at 04:44pm

    Offers reviewed: Jul 14
    Listed by:

    Ann Hiatt,

    COMPASS,

    Jared Holland,

    COMPASS

    Bought with:

    Samson Asfaw, 5952

    Aspire Real Estate, LLC

    Source: NWMLS,MLS#: 1909436MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 2
    Bedroom
    • Level: Main
    Bedroom
    • Level: Main
    Bedroom
    • Level: Lower
    Bathroom full
    • Level: Main
    Entry hall
    • Level: Main
    Family room
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Utility room
    • Level: Lower
    Features
    • Flooring: Laminate, Carpet
    • Basement: Unfinished
    • Number of fireplaces: 1
    • Fireplace features: Main Level: 1, FirePlace
    Interior area
    • Total structure area: 1,280
    • Total interior livable area: 1,280 sqft

    Property

    Parking
    • Parking features: Driveway, Off Street
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Forced Air, Wall to Wall Carpet, Laminate, FirePlace
    • Has view: Yes
    • View description: City, Territorial
    Lot
    • Size: 4,203 sqft
    • Features: Curbs, Sidewalk, Value In Land, Cable TV, Deck, High Speed Internet
    • Topography: Level
    Details
    • Parcel number: 7186800095
    • Zoning description: NC2-75 (M),Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Fixer
    • Year built: 1924

    Utilities & green energy

    • Electric: Company: SCL
    • Sewer: Sewer Connected, Company: SPU
    • Water: Public, See Remarks, Company: SPU
    • Utilities for property: Cable Connected, High Speed Internet, Sewer Connected, Electric, Oil

    Community & neighborhood

    Location
    • Region: Seattle
    • Subdivision: Seattle

    Other

    Other facts
    • Listing terms: Cash Out,Conventional,Rehab Loan
    • Cumulative days on market: 1039 days
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $539,600
    2% more+ $10,792
    With Zillow Showcase(estimated)
    $550,392