$200,000
Est. $1,090/mo7101 Martin Luther King Jr Way S #115, Seattle, WA 98118
• Listed Oct 26, 2026•26 days active · 26 cumulative
Listing Broker: Dove Realty, Inc.; Tom Ngo; 206-928-9999; tomngo@doverealtyinc.com
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Listing Broker: Dove Realty, Inc.; Tom Ngo; 206-928-9999; tomngo@doverealtyinc.com
About this home
King Plaza Laundry – Established Coin Laundry Business for Sale. Turnkey Investment Opportunity in South Seattle Take advantage of the opportunity to own King Plaza Laundry, a well-established neighborhood laundromat located in the busy King Plaza Shopping Center on Martin Luther King Jr. Way South. Conveniently near residential neighborhoods, local businesses, and public transit, this business benefits from steady customer traffic and a loyal base. Business Highlights: Prime location in a high-traffic neighborhood shopping center. Established customer base with repeat business. Convenient access with ample parking. Well-maintained commercial washers and dryers. Clean, organized, and easy-to-operate facility. Great opportunity for an owner-operator or absentee investor. Stable, recession-resistant industry with recurring demand. Strong potential to grow revenue through wash-and-fold service, commercial accounts, pickup & delivery, vending, and digital payment systems. Located at 7101 Martin Luther King Jr. Way S., Seattle, WA, King Plaza Laundry benefits from excellent visibility and is surrounded by retail shops, restaurants, apartments, and established residential communities. The location provides a steady stream of customers who rely on the laundromat for their everyday laundry needs.
Listed by Tom Ngo • Dove Realty, Inc.
Listing updated: October 26, 2026 at 02:07pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2593701
Around this home
How much should you offer?
7101 Martin Luther King Jr Way S #115, Seattle, WA 98118
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Schools
Ratings via SchoolDigger- Martin Luther King Junior Elementary SchoolPublic · Grades PK-5 · 0.3 mi · State rank 931 of 1,1382/10
- Aki Kurose Middle SchoolPublic · Grades 6-8 · 0.6 mi · State rank 266 of 5144/10
- Middle College High SchoolPublic · Grades 9-12 · 1.1 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Business opportunity facts
As entered by the listing broker on Northwest MLS
Business
- Business type
- Professional Service
- Business type information
- Laundry
- Year established
- 2018
- Years with current owner
- 8
- Employees
- 2
- Hours of operation
- 7:30am - 6:00pm
- Franchise
- false
- Special licenses
- See Remarks
Financials
- Annual gross sales
- $97,446
- Annual expenses
- $84,854
- Equipment value
- $100,000
- Real property included
- Lease Only
Premises & lease
- Lease terms
- Assignable
- Annual rent
- $17,600
- Lease assignable
- Yes
- Parking spaces
- 20
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 7101 Martin Luther King Jr Way S #115
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Aug 31, 2002SoldNWMLS via MLS Grid · #21114531$169,990
- Jun 19, 2002SoldNWMLS via MLS Grid · #21122528$231,950
- May 24, 2002SoldNWMLS via MLS Grid · #21108630$284,900
- May 14, 2002PendingNWMLS via MLS Grid · #21122528$231,950
- May 10, 2002SoldNWMLS via MLS Grid · #21093432$1,400,000
- May 1, 2002PendingNWMLS via MLS Grid · #21108630$284,990
Down payment assistance
7 programs may be available to provide you with up to $70,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$1,290 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Dove Realty, Inc.; Tom Ngo; 206-928-9999; tomngo@doverealtyinc.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 51 days.
Recent sales nearby
Within 1 mile · last 6 months$630,000 Sold
0 days ago
2 bd•2 ba•~1,500 sq ft•Single Family
8344 Beacon Avenue S, Seattle, WA 98118
0%
Over list
16
Days on market
0.7 mi
Distance
$850,000 Sold
1 week ago
3 bd•1 ba•~1,470 sq ft•Single Family
5925 48th Avenue S, Seattle, WA 98118
6%
Under list
36
Days on market
0.9 mi
Distance
$795,000 Sold
1 week ago
3 bd•1.75 ba•~1,600 sq ft•Single Family
4247 S Eddy Street, Seattle, WA 98118
0%
Over list
29
Days on market
0.5 mi
Distance
$870,000 Sold
2 weeks ago
4 bd•2.75 ba•~1,920 sq ft•Single Family
6906 55th Avenue S, Seattle, WA 98118
13%
Under list
85
Days on market
0.9 mi
Distance
$885,000 Sold
2 weeks ago
3 bd•1.5 ba•~2,043 sq ft•Single Family
7944 Seward Park Avenue S, Seattle, WA 98118
0%
Over list
21
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 30, 2026 at 7:52 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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