1811 20th Ave
Seattle WA 98122
Madison 2.0 Apartments
1811 20th Ave Seattle WA 98122
Listing #: 718245 | Status: Available | Last Modified: 9/28/2026 |
For Sale
- Phone:(425) 681-7695
- Email:winslow.lee@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 691-6826
- Agent Email:jack.shephard@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,500,000.0
- $/SF$ 305.9
- $/Unit$ 4,500,000.0
- Listing StatusAvailable
- Days on Market13
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income509,674
- Vacancy Factor %5.00%
- Operating Expenses224,341
- Net Operating Income259,849
- CAP Rate 6.34 %
- 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 6.34 %
- Building StatusExisting
- # of Buildings1
- # of Floors5
- # of Units45
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF14710
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF4792
- Acres0.11
- Property TypeMulti-Family
- Office Type
- Building ClassA
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #3043200175
- Additional Parcels
- ZoningNC2-75 (M1)
- Year Built2016
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Madison 2.0
We are pleased to exclusively present Madison 2.0, a 44-unit multifamily investment opportunity located at 1811 20th Avenue in Seattle’s desirable Madison Valley neighborhood. Built in 2015, the five-story property offers 10,885 rentable square feet with a diverse unit mix consisting of 32 SEDUs, eight studios, two live/work lofts, and two one-bedroom units. The property features modern finishes, stainless steel appliances, quartz countertops, LVP flooring, and efficient floorplans. Select units offer lofted layouts, while the live/work lofts feature full kitchens and expansive floor-to-ceiling windows. Community amenities include a rooftop deck with city views, communal kitchen, and shared laundry facilities. Offered at $4,500,000 ($102,273 per unit), Madison 2.0 presents an attractive investment basis with a 6.34% cap rate on current operations and a projected 7.42% market cap through lease trade-outs and operational upside. Ideally positioned near Capitol Hill’s vibrant dining, nightlife, and retail corridors, the property provides convenient access to light rail, Downtown Seattle, South Lake Union, and the Eastside’s major employment centers. With its modern construction, accessible price per unit, and established rental income, Madison 2.0 offers investors an opportunity to acquire a well-located urban multifamily asset with both immediate cash flow and future income potential.
