Loading...

Seattle, WA, 98105 • University District • King County
$501/sqft
Down payment assistance available
23Beds
6Baths
5,186Sqft
0.1 acLot
1909Built
Territorial Views
Territorial
Multi Level Style
Built 1909 · 117 years of history
University District
University District
Outdoor Living
Second Kitchen · Dbl Pane/Storm Window · High Tech Cabling · Walk-In Closet(s) · Water Heater
Special Features
ADU Beds: 5 · ADU Baths: 1
This home is getting attention
Listed 220 days ago · 834 views · 14 saves
Demand and pricing signals for this listing
834 views
People checking out this listing
14 saves
Buyers have saved this home
220 days on market
Established listing
$501/sqft
Price per square foot
Single Family · Built 1909 · Historic
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.
Based on current rates
Est. 6.19% rate · 30yr fixed · $2,080,000 loan
Full calculator →Key facts and listing details
13 categories of property features
13 rooms detailed
Bedroom
MainBedroom
MainBedroom
MainBedroom
MainBedroom
MainBedroom
SecondMarket data and value estimates
3 schools rated nearby
Seattle, WA, 98105
5 events
21 years of records
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 06:53:36 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
No obligation · Same-day response