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4738 17th Avenue NE

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4738 17th Avenue NE

4738 17th Ave NE, Seattle, WA 98105
Multi-Family For Sale Available Cap Rate 8.2% Built 1909 2 floors Zoning: LR3 (M)
Asking Price
$2,600,000
Total Building5,186 SF
Land4,320 SF land
MarketU-District
CountyKing

Read Overview
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Overview

Property ID
306146
Listing ID
708487
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3 (M)

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, 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

Documents

Listing Courtesy of:

MT
Matthew Townsend
Windermere Commercial Real Estate
301 NE 100th St., Ste. 200,
Seattle, WA 98125-8006
State: WA City: Seattle ZIP: 98105 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.