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+12534953939
Real Broker LLC
1811 20th Avenue, Seattle, WA 98122
- $4,500,000
- 10,855
- SqFt
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
- List Price
- $4,500,000
- Status
- ACTIVE
- MLS#
- 2590693
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 10,855
- Area Total SqFt
- 10855
- Annual Tax Ammount
- 34987
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
Property Description
44-unit, 2015-built multifamily investment opportunity in Seattle’s Madison Valley. Madison 2.0 features a mix of SEDUs, studios, one-bedroom homes and live/work lofts with modern finishes, large windows, stainless appliances and efficient floorplans. Community amenities include a rooftop deck with city views, shared kitchen and laundry. Excellent urban location near Capitol Hill, Downtown Seattle, dining, retail, employment centers and transit. Offered at $4.5M ($102,273/unit) with a 6.34% cap rate on current operations and additional rental upside.
Additional Information
- List Date
- 2026-10-03 04:06:11
- Community
- Capitol Hill
- Net Operating Income
- $285,341
- Gross Adjusted Income
- $509,674
- Gross Scheduled Income
- $521,765
- Total Monthly Income
- $43,472
- Insurance Expenses
- $14,919
- Water/Sewer/Garbage Expenses
- $14,269
- Gross Rent Multiplier
- 15.77
- Total Expenses
- $224,334
- Cap Rate
- 6.34
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1811
- Potential Terms
- Cash, Conventional
- Year Built
- 2015
- View
- City
- Roof
- Flat
- Electric Expenses
- 14269
- Other Expenses
- 131621
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $43,472
- Gross Scheduled Income
- $521,765
- Vacancy Rate
- 5
- Gross Adjusted Income
- $509,674
- Tax Year
- 2026
- Insurance Expense
- $14,919
- W/S/G Expenses
- $14,269
- Total Expenses
- $224,334
- Net Operating Income
- $285,341
- Gross Rent Multiplier
- 15.77
- Cap Rate
- 6.34
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.