Listing Provided Courtesy of Windermere Real Estate Co.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.
Property Details
Price:
$2,600,000
MLS #:
NWM2425609
Status:
Active
Beds:
18
Baths:
5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
University District
Neighborhood:
710northseattle
Listed Date:
Aug 28, 2025
Finished Sq Ft:
5,040
Total Sq Ft:
5,186
Lot Size:
4,320 sqft / 0.10 acres (approx)
Year Built:
1909
See this Listing
Schools
School District:
Seattle
Interior
Appliances
Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Bathrooms
5 Three Quarter Bathrooms
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Forced Air
Exterior
Architectural Style
Craftsman
Construction Materials
Wood
Exterior Features
Wood
Parking Features
Off Street
Roof
Composition, Torch Down
Security Features
Partially Fenced
Financial
Tax Year
2025
Taxes
$16,063
Map
Community
- Address4738 17th Avenue NE Seattle WA
- SubdivisionUniversity District
- CitySeattle
- CountyKing
- Zip Code98105
Subdivisions in Seattle
- Admiral
- Alaska Junction
- Alki
- Allentown
- Arbor Heights
- Arboretum
- Arroyo
- Ballard
- Beach Drive
- Beacon Hill
- Belltown
- Belvedere Terrace
- Belvidere
- Bitter Lake
- Blue Ridge
- Boulevard Park
- Briarcrest
- Brighton
- Broadmoor
- Broadview
- Broadway
- Bryant
- Bryn Mawr
- Burien
- Campbell Hill
- Capitol Hill
- Cedar Park
- Cedarhurst
- Central Area
- Columbia
- Columbia City
- Crown Hill
- Delridge
- Denny Blaine
- Denny Triangle
- Downtown
- Dunlap
- Earlington
- Eastlake
- Fairmount
- Fauntleroy
- First Hill
- Fremont
- Gatewood
- Genesee
- Georgetown
- Glen Acres
- Green Lake
- Greenwood
- Gregory Heights
- Haller Lake
- Hawthorne Hills
- High Point
- Highland Park
- Highline
- Hillman City
- Holly Park
- International District
- Inverness
- Jackson Park
- Judkins
- Kent
- Lake City
- Lake Forest Park
- Lake Union
- Lakeridge
- Lakewood
- Laurelhurst
- Leschi
- Licton Springs
- Lincoln Park
- Loyal Heights
- Madison Park
- Madison Valley
- Madrona
- Magnolia
- Magnolia Bluff
- Maple Leaf
- Matthews Beach
- Meadowbrook
- Montlake
- Morgan Junction
- Mt Baker
- N Beacon Hill
- North Admiral
- North Beach
- North Burien
- North Capitol Hill
- North City
- North Shorewood
- Northgate
- Olympic Hills
- Olympic Manor
- Phinney Ridge
- Pigeon Point
- Pinehurst
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- Sodo
- South Lake Union
- South Park
- Southern
- Sunset Hill
- The Highlands
- Top Hat
- Tukwila
- University District
- Upper Rainier Beach
- Victory Heights
- View Ridge
- Wallingford
- Washington Park
- Wedgwood
- West Seattle
- Westlake
- Westwood
- Westwood Village
- White Center
- Whittier
- Windermere
- Woodland Park
Market Summary
Current real estate data for Single Family in Seattle as of Mar 03, 2026
1,565
Single Family Listed
60
Avg DOM
617
Avg $ / SqFt
$1,221,865
Avg List Price
Property Summary
- Located in the University District subdivision, 4738 17th Avenue NE Seattle WA is a Single Family for sale in Seattle, WA, 98105. It is listed for $2,600,000 and features 18 beds, 5 baths, and has approximately 5,040 square feet of living space, and was originally constructed in 1909. The current price per square foot is $516. The average price per square foot for Single Family listings in Seattle is $617. The average listing price for Single Family in Seattle is $1,221,865. To schedule a showing of MLS#nwm2425609 at 4738 17th Avenue NE in Seattle, WA, contact your Best in the West agent at 206-351-5550.
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Courtesy of Windermere Real Estate Co.. Disclaimer: Based on information submitted to the MLS GRID as of Mar-03-2026 12:38:11 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Copyright 2026. All rights reserved.
4738 17th Avenue NE
Seattle, WA