4738 17th Ave NE, Seattle, WA 98105

Building Details

Year Built

1909

Listing agent MATTHEW TOWNSEND

Listing office WINDERMERE COMMERCIAL REAL ESTATE M***@windermere.com Show Phone

Listing date Feb 13, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE COMMERCIAL REAL ESTATE

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Overview

Madison Manor is an 18-unit apartment building near the University of Washington's Greek Row. The property has maintained high occupancy and a high capitalization rate. It is currently leased to the same group with zero vacancy for over 5 years and pre-leased until August 2027, including all deposits and cosigners. The numbers provided are actual for 2025. The building is in exemplary condition, featuring a four-level sprinkler system serviced yearly, newer double windows, a commercial furnace installed in 2022, copper plumbing, a good electrical panel and wiring, a good roof, and a commercial water tank. It received RRIO certification from the city in December 2023. The exterior was professionally painted in 2019, and the kitchens, baths, and flooring were updated in 2020. Full inspection reports are available. Madison Manor retains over 80% of its gross scheduled income year after year, benefiting from its location near the UW main entrance and the high demand of 17th Boulevard Greek Row. The property features a giant front porch and formal entry hall.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Seattle

County

King

State

Washington

Longitude

-122.309

Latitude

47.6642

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FAQs

What type of property is this?

Apartment building - High-occupancy, low-cost, 18-unit apartment building near UW.

Where is this apartment building located?

The property is located at 4738 17th Ave NE Seattle, WA.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: High 8.0 Cap Rate investment property with pre‑leased tenants until August 2027, ensuring immediate and stable income.; Located in a prime location on UW Greek Row, near the main entrance, guaranteeing high demand and consistent occupancy (80+% GSI retention).; Leased to the same group for 5+ years with zero vacancy, all deposits and cosigners in place, demonstrating tenant reliability.