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4738 17th Avenue NE Seattle, WA $ 2,600,000
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$ 2,600,000 Get more info
4738 17th Avenue NE
$ 2,600,000
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4738 17th Avenue NE

Seattle, WA, 98105
$ 2,600,000
Bedrooms18 Baths5.0 Sq 5,040

Monthly Estimate*

$ 16,009

Listed by Windermere Real Estate Co.
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Single Family Home for sale in Seattle, WA

for $2,600,000 with 18 bedrooms and 5 full baths. This 5,040 square foot home was built in 1909 on a lot size of 0.0992.

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.

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Single Family Active

Price

$ 2,600,000

Bedrooms

18

Full Bath

5

Property Type

Single Family

Taxes

$ 16,063

Style

Craftsman

Lot Size

0.0992

Year Built

1909

Town/City

Seattle

County/Region

King

MLS | Web ID

2425609
Features
General
Living Area 5040
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession See Remarks
Roof Composition Torch Down
Appliances Dishwasher(s) Dryer(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
HOA Fee 0
Architectural Style Craftsman
Security Features Partially Fenced
Year Built 1909
View Mountain(s) Territorial
Topography Level
Levels Multi/Split
Property Subtype Single Family Residence
Tax Year 2025
Building Name University Park Add
County King
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name University District
Facing Direction West
Full Baths 0
Special Listing Conditions None
Status Active
Directions Two Blocks north of UW Campus on Greek Row. From I-5 go east on NE 45th then north on 17th NE.
City Seattle
Entry Location Main
Senior Community Y/N N
High School District Seattle
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4320
Carport Y/N N
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 16063
Property Condition Good
Public Remarks 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
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Seattle
Total Actual Rent 21470
Property Style 15 - Multi Level
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Interior
Interior Amenities Second Kitchen Dbl Pane/Storm Window High Tech Cabling Walk-In Closet(s) Water Heater
Basement Finished
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
3/4 Baths 5
Total Bedrooms 18
Main Level Bedrooms 5
Total Baths 5
Water Heater Type Gas
Water Heater Location Basement
Power Production Type Natural Gas
Baths Three Quarter Garage 0
Baths Three Quarter Lower 1
Baths Three Quarter Main 1
Baths Three Quarter Upper 3
Bedrooms Lower 5
Bedrooms Upper 8
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 3.75
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Exterior
Exterior Amenities Wood
Vegetation Garden Space
Parking Features Off Street
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Inclusions Dishwasher(s) Dryer(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Building Area Total 5186
Lot Dimensions 40 x 108
Lot Size Acres 0.0992
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Gas Available High Speed Internet Sprinkler System
Lot Number 25
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Internal Only
OriginalMLSID NWM2425609
Street Number 1 4738
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* Excluded Features
List By
Matt Townsend

Listing Agent

Windermere Real Estate Co.

Broker

Affordability Calculator

$17,347
Per Month
92%
8%
0%
Monthly Principal & Interest
$16,009
Monthly Property Taxes
$1,339
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257829 Elementary School
258279 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/29/2025$2,600,000 Listed Price

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4738 17th Avenue NE, Seattle, WA, 98105 is a Single Family Home for sale at $2,600,000 with 5,040 sqft and a lot size of 0.0992. 4738 17th Avenue NE has 18 bedrooms, 5.0 baths, and was built in 1909. The property's zip code is 98105 which is in Seattle, WA

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