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.
Interior Features: Second Kitchen, Dbl Pane/Storm Window, High Tech Cabling, Walk-In Closet(s), Water Heater
Measurements
Living Area: 5,040
Rooms
Basement: Finished
Bathrooms Three Quarter: 5
Bathrooms Total Integer: 5
Bedrooms Total: 18
Main Level Bathrooms: 1
Main Level Bedrooms: 5
Other
Location
Subdivision Name: University District
Parking
Parking
Parking Features: Off Street
Schools
High School
High School District: Seattle
Utilities
Equipment
Has Heating: Yes
Sewer: Sewer Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 18 bedrooms and 5 bathrooms in this single-family home at 4738 17th Avenue NE.
What are the annual taxes for 4738 17th Avenue NE?
Annual taxes for this single-family home are estimated at $16,063.
How does 4738 17th Avenue NE compare to other single-family homes in University Park?
This single-family home is listed 53% above the average price for single-family homes in University Park and has been on the market for 193 more days than the typical home in this area.
What building or home owners association is the single-family home part of?
This single-family home is in the University Park Add building.
What is the square footage on this single-family home?
According to the MLS, this listing is 5,040 sqft.
4738 17th Avenue NE is a 18-bedroom, 5-bath single-family home for sale in Seattle WA 98105. On Prevu for 200 days at $2,600,000. This residence features 5,040 square feet of living space, located in Seattle. The median listing price for single-family homes in this area is $1,695,000. Property amenities include pets allowed and parking. Browse more single-family home listings in Seattle.
Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
