$1,750,000
 $9,394 est/mo Sourced by Back At You

3901 Martin Luther King Jr Way,Seattle, WA 98108

Seattle, WA 98108

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Description

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).

Details

MLS #2562520
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site33
Listing Provided ByWestlake Associates, Inc. | Travis Kannier

Features

SQ Feet5,330
Car PortYes
Story(s)3
Units9
ZoningMulti-Family
Acreage0.15

Taxes

Property19649

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98108
Area385 SODO | Beacon Hill
Community NameColumbia City
Listing VS Median (in Columbia City)
Price:
$1,750,000
low | high
Med:
$775,000
100% of Average
sqft:
5,330
low | high
Med:
1,149
100% of Average
$ / sqft:
$328
low | high
Med:
$708
65.616974014612% of Average
On site:
33
low | high
Med:
76
43.421052631579% of Average
Sourced by Back At You

Market Activity 98108

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98108
Area385 SODO | Beacon Hill
Community NameColumbia City
Listing VS Median (in Columbia City)
Price:
$1,750,000
low | high
Med:
$775,000
100% of Average
sqft:
5,330
low | high
Med:
1,149
100% of Average
$ / sqft:
$328
low | high
Med:
$708
65.616974014612% of Average
On site:
33
low | high
Med:
76
43.421052631579% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.312M - $2.187M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
2701 S Walden Street Property Photo 1
$2,350,000
2701 S Walden Street
Seattle, WA 98144
Listing Updated: August 12, 2026 at 11:06:18 AM PDT