4738 17th Avenue Ne, Seattle, WA 98105
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: matt townsend
Office: windermere real estate co.
MLS#:2427494
Source:NWMLS
4738 17th Avenue Ne,Seattle, WA 98105
$2,600,000
- - Beds
- - Baths
- 5,186 sq. ft.
- Multi-family
- Pending
Price summary
- Price:$2,600,000
- Price per sq. ft.:$501.35
About this home
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 avial 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....
Contact an agent
Home facts
- Year built:1909
- Listing ID #:2427494
- Updated:May 03, 2026 at 08:06 AM
Rooms and interior
- Flooring:Carpet, Vinyl Floor, Vinyl Plank
- Living area:5,186 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition, Torch Down
- Year built:1909
- Building area:5,186 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Alley, Curbed Lot, Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Fenced-Partially, Sprinkler System
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,600,000
- Price per sq. ft.:$501.35
- Tax amount:$16,063 (2025)
Features and amenities
- Amenities:Gas Available, High Speed Internet
Parking
- Parking description:Uncovered Space(s) : 4
New listings near 4738 17th Avenue Ne
- New
$599,000Active3 beds 3 baths1,317 sq. ft.3500 NE 125th Street #D, Seattle, WA 98125
MLS# 2517380Listed by: COLDWELL BANKER DANFORTH - Open Sun, 11am to 1pmNew
$299,000Active1 beds 1 baths645 sq. ft.621 5th Ave N #103, Seattle, WA 98109
MLS# 2517355Listed by: KW GREATER SEATTLE
$789,900Pending2 beds 2 baths1,188 sq. ft.1110 34th Avenue, Seattle, WA 98122
MLS# 2517310Listed by: WINDERMERE RE/CAPITOL HILL,INC- New
$325,000Active1 beds 1 baths710 sq. ft.13229 Linden Avenue N #403B, Seattle, WA 98133
MLS# 2517285Listed by: EXP REALTY - New
$620,000Active2 beds 2 baths1,025 sq. ft.2360 43rd Avenue E #203, Seattle, WA 98112
MLS# 2517311Listed by: WINDERMERE REAL ESTATE/SUMMIT - New
$275,000Active1 beds 1 baths700 sq. ft.12334 31st Avenue Ne #607, Seattle, WA 98125
MLS# 2515204Listed by: WINDERMERE NORTHLAKE - New
$1,825,000Active-- beds -- baths3,700 sq. ft.3004 E Yesler Way, Seattle, WA 98122
MLS# 2517241Listed by: KR BROKERS - Open Sun, 12:30 to 3:30pmNew
$1,049,500Active3 beds 2 baths2,020 sq. ft.3115 E Jefferson, Seattle, WA 98122
MLS# 2504466Listed by: WINDERMERE REAL ESTATE CO. - Open Sun, 12 to 2pmNew
$2,550,000Active6 beds 4 baths5,590 sq. ft.3010 Cascadia Avenue S, Seattle, WA 98144
MLS# 2510317Listed by: WINDERMERE R E MOUNT BAKER - New
$1,948,000Active5 beds 4 baths3,860 sq. ft.6116 Oakhurst Rd S, Seattle, WA 98118
MLS# 2514351Listed by: SKYLINE PROPERTIES, INC.