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4738 17th Avenue NE
4738 17th Ave NE Seattle WA 98105
Listing #: 708487 | Status: Pending | Last Modified: 4/15/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 249,987 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 36,760 |
| Net Operating Income | 213,227 |
| CAP Rate | 8.20 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 8.201 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 18 |
| Total Building SF | 5,186 SF |
| Net Rentable Area | 5,040 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 4,320 SF |
| Acres | 0.1 |
| Year Built | 1909 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | King |
| Market Area | U-District |
| Tax ID # | 8823901845 |
| Zoning | LR3 (M) |
Madison Manor
SEE_NOTES
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
4738 17th Avenue NE
4738 17th Ave NE Seattle WA 98105
Listing #: 708487 | Status: Pending | Listing Date: 2/11/2026 | Last Modified: 4/15/2026 | Email Listing
