4738 17th Ave NE

Seattle, WA 98105

$2,600,000
Price
—
Beds
—
Baths
5,186 Sq. Ft.
$501 / Sq. Ft.
5,186
Sq. Ft.
$501
per Sq. Ft.
Listing provided courtesy of Windermere Real Estate Co.
Source: Northwest MLS

Description

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,...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 avial 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.
  1. Listed by Matt Townsend • Windermere Real Estate Co.

Property Details for 4738 17th Avenue Northeast

Community Name
University District
School District
Seattle
View
Mountain(s), Territorial
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
08-28-2025
Energy Source
Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 02/12/2026 02:58 PM

Property Details for 4738 17th Avenue Northeast

StatusActive
MLS #2427494
Days on Market171
Cumulative Days on Market12
Taxes$16,063 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.10 AC / 4,320 SF
CountyKing County

Location

Listing Courtesy of Windermere Real Estate Co.
Add your commute

Building Information for 4738 17th Avenue Northeast

Stories4Residences18Year Built1909Building Size-Lot Size0.10 AC / 4,320 SF

Payment Calculator

$14,011 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,672

Property Taxes

$1,339

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4738 17th Avenue Northeast

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Fenced-Partially, Gas Available, High Speed Internet, Sprinkler System
  • Area: 710 - North Seattle
  • Block: 13
  • Effective Year Built Source: Public Records
  • Directions: Two Blocks north of UW Campus on Greek Row. From I-5, go east on NE 45th, then north on 17th NE.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Amenities: Basement,See Remarks,Storage,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition, Torch Down
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Seattle
  • Sewer Company: Seattle
  • Water Company: Seattle
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: KCA & Pro Measure
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1989
  • Photos Count: 32
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 40 x 108
  • Lot Number: 25
  • Lot Size Source: KCA
  • Parcel Number Free Text: 8823901845
  • Building Condition: Good
  • Calculated Square Footage: 5186
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5186.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 4
  • Vacancy Rate: 0
  • Number Of Units Total: 18
  • Units Below Grade: true
  • Units In Building Total: 18
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 36760
  • Gross Adjusted Income: 247850
  • Gross Rent Multiplier: 10.06
  • Gross Scheduled Income: $258,540
  • Insurance Expense: $1,951
  • Net Operating Income: $221,780
  • Other Expenses: $18,746
  • Total Monthly Income: 21545
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Rent Unit 1: $1,180.00
Unit 2
  • Name Unit 2: 2
  • Rent Unit 2: $1,100.00
Unit 3
  • Name Unit 3: 3
  • Rent Unit 3: $1,200.00
Unit 4
  • Name Unit 4: 4
  • Rent Unit 4: $1,100.00
Unit 5
  • Name Unit 5: 5
  • Rent Unit 5: $950.00
Unit 6
  • Name Unit 6: 6
  • Rent Unit 6: $950.00
Unit 7
  • Name Unit 7: 7
  • Rent Unit 7: $1,100.00
Unit 8
  • Name Unit 8: 8
  • Rent Unit 8: $950.00
Unit 9
  • Name Unit 9: 11
  • Rent Unit 9: $1,200.00
Unit 10
  • Name Unit 10: 12
  • Rent Unit 10: $1,200.00
Unit 11
  • Name Unit 11: 13
  • Rent Unit 11: $1,300.00
Unit 12
  • Name Unit 12: 14
  • Rent Unit 12: $1,300.00
Unit 13
  • Name Unit 13: 15
  • Rent Unit 13: $1,180.00
Unit 14
  • Name Unit 14: 16
  • Rent Unit 14: $1,360.00
Unit 15
  • Name Unit 15: 17
  • Rent Unit 15: $1,360.00
Unit 16
  • Name Unit 16: 18
  • Rent Unit 16: $1,360.00
Unit 17
  • Name Unit 17: 19
  • Rent Unit 17: $1,300.00
Unit 18
  • Name Unit 18: 20
  • Rent Unit 18: $1,380.00
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 5040.0

Property History for 4738 17th Avenue Northeast

DateEvent & SourcePriceAppreciation
Aug 28, 2025

Listed (Active)

NWMLS #2427494

$2,600,000—
Aug 28, 2025

Listed (Active)

NWMLS #2425609

$2,600,000—
Dec 27, 2006

Sold

NWMLS #26187114

$925,000—
Dec 26, 2006

Sold (Public Record)

Public Record #211798245

$925,000—
Nov 29, 2006

Pending

NWMLS #26187114

—
Nov 11, 2006

Listed (Active)

NWMLS #26187114

$995,000—
DateEvent & SourcePrice
08/28/2025

Listed (Active)

NWMLS #2427494

$2,600,000
08/28/2025

Listed (Active)

NWMLS #2425609

$2,600,000
12/27/2006

Sold

NWMLS #26187114

$925,000
12/26/2006

Sold (Public Record)

Public Record #211798245

$925,000
11/29/2006

Pending

NWMLS #26187114

—
11/11/2006

Listed (Active)

NWMLS #26187114

$995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4738 17th Avenue Northeast

Taxable ValueLand$1,209,600Additions$449,300Total$1,658,900
Tax Record2024$15,930 ($1,328 / month)
Home Facts
Total Finished SqFt5,670 SqFtAbove Ground SqFt5,186 SqFtFinished Basement SqFt484 SqFtUnfinished Basement Area1,018 SqFtStories2Lot Size4,320 SqFtStyleMulti-Family Res (5+ Units)Year Built1909Year Renovated1989ZoningLR3 (M)CountyKINGAPN882390-1845

Schools near 4738 17th Avenue Northeast

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Laurelhurst Elementary School
Public - K to 5
Eckstein Middle School
Public - 6 to 8
Roosevelt High School
Public - 9 to 12
John Stanford International Elementary School
Public - K to 5
Rating
School
Distance
Laurelhurst Elementary School
PublicK to 5

Eckstein Middle School
Public6 to 8

Roosevelt High School
Public9 to 12

John Stanford International Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4738 17th Avenue Northeast, Seattle, WA 98105

4738 17th Avenue Northeast is a multi-family home for sale in Seattle, WA 98105. This property was listed for sale on August 28, 2025 by Windermere Real Estate Co., it's currently listed at $2,600,000. It has been on the market for a total of 171 days and was last sold on December 27, 2006. This listing's school district is Seattle Public Schools. Nearby schools include Laurelhurst Elementary School, Eckstein Middle School and Roosevelt High School. 4738 17th Avenue Northeast is a 0-bed, 0-bath, 5,186 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Co.

Based on information submitted to the MLS GRID as of 02/12/2026 02:58 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.