Pending

MLS: #NWM2425609, Listed By: Matt Townsend, Windermere Real Estate Co., Source:NWMLS - Northwest Multiple Listing Service

4738 17th Avenue

Seattle, WA 98105
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Bed 18

Bed

Bath 5

Bath

SqFt5,186

Sqft

Acres0.10

Acre(Lot)

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, h igh 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.

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Detail Ic Property Details

Property Type : Residential

Price : $2,600,000

AD Id : 66789645

MLS Id : NWM2425609

Beds : 18

Lot Size : 0.10 Acre

Living Area Size : 5,186

Year Built : 1909

County : King

Subdivision: Grove Park Estates

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Feature Features

  • Bedroom Information

    Total Bedroom: 18

    Bathroom Information

    Total Baths: 5

    Interior Features

    Second Kitchen, Dbl Pane/Storm Window, High Tech Cabling, Walk-In Closet(s), Water Heater Roof: Composition, Torch Down Appliances: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer

    Roofing Information

    Composition, Torch Down
  • Flooring Information

    Flooring: Vinyl, Vinyl Plank, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Forced Air Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1909
  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Dimensions: 40 x 108 Lot Description: Alley, Curbs, Paved, Sidewalk Lot Square Feet: 4320 Lot Acres: 0.0992

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Structure Type: House

  • Listing Price Information

    Original List Price:$2600000

  • Tax Information

    Annual Tax: $16063 Tax Year: 2025 Parcel Number: 8823901845

  • Parking Information

    Off Street

  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: University District City: Seattle Direction: Two Blocks north of UW Campus on Greek Row. From I-5, go east on NE 45th, then north on 17th NE.
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Nearby Home Value

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4502 55th Avenue, Seattle, WA, 98105 $10,000,000 5 6 6,488 6,488 SqFt
5113 47th Avenue, Seattle, WA, 98105 $2,850,000 4 4 3,400 3,400 SqFt
5113 47th Avenue, Seattle, WA, 98105 $2,650,000 4 4 3,400 3,400 SqFt
4606 NE 47th Street, Seattle, WA, 98105 $1,750,000 5 4 3,000 3,000 SqFt
3658 50th Avenue, Seattle, WA, 98105 $3,975,000 4 4 4,120 4,120 SqFt
5044 A Sand Point Place.., Seattle, WA, 98105 $749,000 2 3 1,200 1,200 SqFt
4274 NE 50th Street, Seattle, WA, 98105 $950,000 4 3 2,020 2,020 SqFt
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ByOwner last updated this listing 06/08/2026 @ 18:20

MLS: NWMLS #2425609 LISTED BY: Matt Townsend, Windermere Real Estate Co. 206-526-5544 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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