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Version: ...
For Sale
202 Days Online
$2,600,000
18 Bedrooms
3.75 Bathrooms
5,186 Sqft House (5,040 Finished)
Built 1909
4,320 Sqft Lot
No Garage
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.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2425609
Listed by
Matt Townsend,
Windermere Real Estate Co.
Contact our
University District
Real Estate Lead
THIRD
BDRM
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BDRM
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BATHSECOND
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BDRM
BDRM
BDRM
BDRM
¾
BATH¾
BATHMAIN
BDRM
BDRM
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¾
BATHLOWER
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BATH
Feb 12, 2026
Back on Market
$2,600,000
NWMLS #2425609
Oct 23, 2025
Went Pending
$2,600,000
NWMLS #2425609
Sep 06, 2025
Went Pending Inspection
$2,600,000
NWMLS #2425609
Aug 29, 2025
Listed
$2,600,000
NWMLS #2425609
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StatusFor Sale
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Price$2,600,000
-
Original PriceSame as current
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List DateAugust 28, 2025
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Last Status ChangeFebruary 12, 2026
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Last UpdateFebruary 12, 2026
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Days on Market202 Days
-
Cumulative DOM43 Days
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$/sqft (Total)$501/sqft
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$/sqft (Finished)$516/sqft
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Listing Source
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MLS Number2425609
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Listing BrokerMatt Townsend
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Listing OfficeWindermere Real Estate Co.
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Principal and Interest$13,629 / month
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Property Taxes$1,339 / month
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Homeowners Insurance$489 / month
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TOTAL$15,457 / month
-
-
based on 20% down($520,000)
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and a6.85% Interest Rate
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About:All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
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Sqft (Total)5,186 sqft
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Sqft (Finished)5,040 sqft
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Sqft (Unfinished)146 sqft
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Property TypeHouse
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Sub TypeMulti Level
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Bedrooms18 Bedrooms
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Bathrooms3.75 Bathrooms
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Lot4,320 sqft Lot
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Lot Size SourceKCA
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Lot #25
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ProjectUniversity Park Add
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Total StoriesUnspecified
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BasementFinished
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Sqft SourceKCA & Pro Measure
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2025 Property Taxes$16,063 / year
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No Senior Exemption
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CountyKing County
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Parcel #8823901845
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County Website
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County Parcel Map
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County GIS Map
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AboutCounty links provided by Mainview LLC
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School DistrictSeattle
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ElementaryUnspecified
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MiddleUnspecified
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High SchoolUnspecified
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HOA DuesUnspecified
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Fees AssessedUnspecified
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HOA Dues IncludeUnspecified
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HOA ContactUnspecified
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Management Contact
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CoveredUnspecified
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TypesOff Street
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Has GarageNo
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Mountain(s)
Territorial
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Year Built1909
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Home BuilderUnspecified
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IncludesNone
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IncludesForced Air
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FlooringVinyl
Vinyl Plank
Carpet -
FeaturesSecond Kitchen
Dbl Pane/Storm Window
High Tech Cabling
Walk-In Closet(s)
Water Heater
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Lot FeaturesAlley
Curbs
Paved
Sidewalk -
Site FeaturesFenced-Partially
Gas Available
High Speed Internet
Sprinkler System
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IncludedDishwasher(s)
Dryer(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
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3rd Party Approval Required)No
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Bank Owned (REO)No
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Complex FHA AvailabilityUnspecified
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Potential TermsCash
Conventional
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EnergyNatural Gas
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SewerSewer Connected
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Water SourcePublic
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WaterfrontNo
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Air Conditioning (A/C)No
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Buyer Broker's Compensation2.5%
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MLS Area #Area 710
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Number of Photos32
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Last Modification TimeThursday, February 12, 2026 3:12 PM
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System Listing ID5477304
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Back On Market2026-02-12 15:24:08
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Pending Or Ctg2025-10-23 08:50:38
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First For Sale2025-08-29 14:09:25
Listing details based on information submitted to the MLS GRID as of Thursday, February 12, 2026 3:12 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.
Sharing
For Sale
202 Days Online
$2,600,000
18 BR
3.75 BA
5,186 SQFT
Offer Review: Anytime
NWMLS #2425609.
Matt Townsend,
Windermere Real Estate Co.
|
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.