About this home

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.

Exterior features

Wood

Schools

Elementary

M L King Elem

Middle

Aki Kurose

High

Franklin High

Property details

Heating: Baseboard
Cooling: Forced Air
Flooring: Hardwood
View: City
Lot: Value In Land
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $9,516 (2025)

Estimate your monthly payment

$13,434/mo

Principal & interest: $12,641
Property taxes: $793

Down payment (20%) $500,000 Interest rate (%) Loan term (years)

Loan amount $2,000,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98118

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Skyline Properties, Inc.— Carolyn Zheng.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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