4738 17th Ave NE
Seattle WA 98105
4738 17th Avenue NE
4738 17th Ave NE Seattle WA 98105
Listing #: 708487 | Status: Pending | Last Modified: 4/15/2026 |
For Sale
- Phone:(206) 227-2222
- Email:MattT@Windermere.com
- Office Name:Windermere Commercial Real Estate
- Office Phone:(206) 526-5544
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 2,600,000.0
- $/SF$ 515.9
- $/Unit$ 2,600,000.0
- Listing StatusPending
- Days on Market81
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income249,987
- Vacancy Factor %0.00%
- Operating Expenses36,760
- Net Operating Income213,227
- CAP Rate 8.20 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 8.20 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units18
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5186
- Net Rentable Area5040
- Total Office SF
- Largest Contiguous SF
- Lot SF4320
- Acres0.1
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaU-District
- Tax ID #8823901845
- Additional Parcels
- ZoningLR3 (M)
- Year Built1909
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Madison Manor
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, hig