PROPERTIES FOR SALE

4738 17th Avenue NE Seattle, WA 98105

NWMLS Courtesy of Windermere Real Estate Co.
4738 17th Avenue NE
Seattle, WA 98105
$2,600,000
Residential
18 Beds
3.75 Baths
5186 SqFt
Active
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Clear & Present 8.0 Cap Rate ~ Welcome to Madison Manor. Quintessential high occupancy/ high cap/ low cost UW Greek Row 18-Unit. Leased to same group w/ zero vacancy 5+ years & pre-leased till August 2027 w/ All Deposits & Cosigners. Numbers shown in Listing are 2025 actual. Exemplary condition: four levels sprinkler system serviced yearly, all newer double windows, commercial furnace 2022, all copper inside, good electrical panel/ wiring/ roof/ commercial water tank, RRIO certified by city Dec 2023, pro exterior paint 2019, new kitchens & baths & flooring 2020, full Inspection Reports available. Madison Manor retains 80+% of GSI year after year, by UW Main Entrance w/ prestige of high demand for 17th Boulevard Greek Row. Smart groups seek the giant front porch & formal entry hall, high ceilings & heavy wood trim, grand box beam living room adjacent to main kitchen, wide staircases & open landings, 2nd Kitchen/ 2nd Entry for Duplex Use, paved alley w/ 4 parking stalls, etc. Key Factor is Room Size: 3 medium + 15 giant Bedroom's, some 200+ sqft, some w/ dual sleeping alcoves, all to attract & retain this proven 2025-2026-2027 $1192/m per unit. Prior 2025 Buyer applied for 25% Down; was approved @ 40% Down/ 7.0% IR fixed for 30 yrs. This DSCR Loan is appraised & avail to you = turn key 8-10% cash flow & ROI. Other comm loans avail too. It's unusual to see zero vacancy & NOI at 80% over five years, for Madison Manor it's business as usual by the University.

Property Features

Community: University District
Multi Level
View: Mountain(s)
View: Territorial
Fenced-Partially
Gas Available
High Speed Internet
Sprinkler System
Bus Line Nearby: Yes
Exterior: Wood
Roof: Composition
Roof: Torch Down
Parking: Off Street
Year Built: 1909
2025 Taxes: $16063.00
Buyer Broker Comp.: 2.5%
Listing #: 2425609

Lot Details

Lot Size: 0.10 acres
Lot Dimensions: 40 x 108
Alley
Curbs
Paved
Sidewalk

Appliances That Stay

Dishwasher(s)
Dryer(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)

Interior

Second Kitchen
High Tech Cabling
Walk-In Closet(s)
Water Heater
Dbl Pane/Storm Window
Cooling: None
Heating: Forced Air
Natural Gas

Schools

District: Seattle
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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