All homes

$1,750,000

3901 Martin Luther King Jr Way

Seattle, WA 98108

Active

Beds

Baths

Sq Ft

Lot

0.15 ac

Year built

1963

Type

Residential Income

Days listed

48

MLS #

2562520

About this home

Empire Flats is a fully renovated 9-unit building conveniently located blocks from Mt Baker Light Rail Station. This is an excellent opportunity for an investor as most of the renovations have been completed and the buyer simply needs to raise rent/income. Comparable rents nearby show that there is room to raise rents significantly without additional upgrades. Empire Flats has spacious units that have been updated throughout with new cabinetry, quartz counters, and stainless appliances. The modernized apartments also have desirable LVP flooring and in-unit laundry. The low maintenance building has a newer roof and exterior paint. There are plans to covert the existing laundry area to a 10th unit (buyer to verify).

Exterior features

Brick

Property details

Heating
Wall Furnace
Cooling
None
Flooring
Vinyl Plank
Lot
Paved, Sidewalk
Sewer
Sewer Connected

Costs

Annual taxes
$19,649 (2026)

Estimate your monthly payment

$10,486/mo

Principal & interest
$8,849
Property taxes
$1,637
Loan amount $1,400,000

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 98108

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Westlake Associates, Inc.— Travis Kannier.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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