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!
Sold
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
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#: 1909436

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

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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