4738 17th Avenue NE

Seattle, WA 98105

  • 18 Bed

  • 5 Bath

  • 5186 SqFt

  • 9 DOM

  • Built: 1909

  • Status: Active

$2,600,000

X

4738 17th Avenue NE

Seattle 98105

$2600000

  • 18 Bed

  • 5 Bath

  • 5186 SqFt

  • 9 DOM

  • Built: 1909

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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.

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Residence Information

  • 5186

  • 18

  • 0

  • 0

  • 5

  • Composition, Torch Down

  • 15 - Multi Level

  • 1909

  • Finished

  • Finished

  • Poured Concrete

Features and Utilities

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

  • Second Kitchen, Dbl Pane/Storm Window, High Tech Cabling, Walk-In Closet(s), Water Heater

  • Wood

  • Public

  • Sewer Connected

Financial

  • 16063

  • Cash, Conventional

  • 08-28-2025

  • 21470

Comparable Information

  • 9

  • 9

  • Cash, Conventional

  • $2,600,000

  • $2,600,000

  • Feb 12, 2026 23:11

Schools

Map

Listing courtesy of Windermere Real Estate Co..

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Feb 22, 2026 00:39 | Listing last modified Feb 12, 2026 23:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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