NOT LISTED FOR SALE

1625 Martin Luther King jr Way Seattle, WA 98122

Mann Neighborhood
-- Bed
-- Bath
13,080 Sq Ft
0.72 Acres

Last Sold August 30, 2021

Last sale price $4,900,000 $375 Per Sq Ft

Highlights

  • 0.72 Acre Lot
  • Wood Siding
  • 3-minute walk to Plum Tree Park
  • Garfield High School Rated A
  • Wall to Wall Carpet

About This Home

As of August 2021

The townhomes were originally built in 1973 and consist of 15 townhouse-style units located on two separate tax parcels which combined total 31,200 square feet in size with an interior parking lot. There are four separate buildings with a mix of two-and three-bedroom townhomes. Most of the townhomes have been updated over the years with newer vinyl flooring, carpeting, and kitchen cabinets. The Opportunity is to update the townhomes on the inside and outside to a more modern look and raise rents to market. This is a rare opportunity to own townhome style townhomes with large two- and three-bedroom units perfect for roommates and those who want their own private space with a patio area.

Last Agent to Sell the Property

Chad Martini

Westlake Associates, Inc. License #118627 Listed on: 07/29/2021

Co-Listed By

David Petersen

Westlake Associates, Inc. License #7352

Last Buyer's Agent

Ryan Iles

Paragon Real Estate Advisors License #108410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1814572

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,571

Year Built

  • Built in 1973

Lot Details

  • 0.72 Acre Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 13,080 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 17 Parking Spaces
  • Open Parking

Community Details

  • Madison Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9828201265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,571

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1973
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 13080
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 17
  • Open Parking: Yes
  • Total Parking Spaces: 17
  • ParkingUncoveredSpaces: 17

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 28026

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 9828201265
  • Lot Size Acres: 0.7163
  • Lot Size Sq Ft: 31200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 27425

Multi Family

  • Gross Scheduled Income: 329100
  • Net Operating Income: 192575
  • Number Of Units Total: 15
  • Insurance Expense: 9489
  • Leasable Area: 13080
  • EnergySource: Electric
  • UnitsInBuildingTotal: 15
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 47571

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $4,900,000 0.0% $375 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $4,900,000 -- $375 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chad Martini

    Seller's Agent in 2021

    Chad Martini

    Westlake Associates, Inc.

    (206) 321-3226

    1 in this area

    25 Total Sales

    Chad Martini
    Section Image
  • David Petersen

    Seller Co-Listing Agent in 2021

    David Petersen

    Westlake Associates, Inc.

    (206) 300-8909

    1 in this area

    26 Total Sales

    David Petersen
    Section Image
  • Ryan Iles

    Buyer's Agent in 2021

    Ryan Iles

    Paragon Real Estate Advisors

    (206) 812-9115

    1 in this area

    18 Total Sales

    Ryan Iles
    Section Image
  • Nick Hemming

    Buyer Co-Listing Agent in 2021

    Nick Hemming

    Paragon Real Estate Advisors

    (206) 812-9105

    1 in this area

    45 Total Sales

    Nick Hemming
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1814572

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98122 Mann

1625 Martin Luther King jr Way, Seattle, WA

This home is located at 1625 Martin Luther King jr Way, Seattle, WA 98122 since 29 July 2021. This property was built in 1973. 1625 Martin Luther King jr Way is a home located in King County with nearby schools including Madrona Elementary School, Meany Middle School, and Garfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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