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$2,600,000

Pending

8 months ago

4738 17Th Ave Ne, Seattle, WA

House

MLS® 2425609

18 Bed

5 Bath

5040 sqft

0

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 5040 sqft
Garage 
Taxes $16,063
Lot Size 
Approx. Age 1909
Avg. Price Per Sqft $515
MLS® Number 2425609

Property Address: 4738 17th Ave Ne, Seattle, WA, 98105-4211

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2425609
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1909
BasementFinished
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Utility Room:Lower LevelNot available
Other:Main FloorNot available
Other:Lower LevelNot available
Living Room:Main FloorNot available
Other:Main FloorNot available
Other:Lower LevelNot available

Price History

-End Date
-Sold Price

Pending

Aug 29, 2025List Date
$2,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
4738 17Th Ave Ne, Seattle, WA

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