$4,500,000
Est. $24,730/mo10,855 sq ft
1811 20th Avenue, Seattle, WA 98122
• Listed Oct 2, 2026•21 days active · 21 cumulative
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
About this home
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.
Listed by Max Frame • Kidder Mathews
Listing updated: October 7, 2026 at 08:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2590693
Around this home
How much should you offer?
1811 20th Avenue, Seattle, WA 98122
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Vinyl Plank
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDigger- Lowell Elementary SchoolPublic · Grades PK-5 · 0.7 mi · State rank 969 of 1,1382/10
- Edmonds S. Meany Middle SchoolPublic · Grades 6-8 · 0.3 mi · State rank 185 of 5146/10
- Seattle World SchoolPublic · Grades 9-12 · 0.3 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 44
- Units below grade
- false
- Building square feet
- 10,855 sq ft
Income & expenses
- Gross scheduled income
- $521,765
- Total monthly income
- $43,472
- Gross adjusted income
- $509,674
- Net operating income
- $285,341
- Cap rate
- 6.34%
- Gross rent multiplier
- 15.77
- Vacancy rate
- 5%
- Total expenses
- $224,334
- Insurance
- $14,919
- Electric
- $14,269
- Fuel
- $14,269
- Other expenses
- $131,621
- Water / sewer / garbage paid by
- 14269
Taxes & assessment
- Annual taxes
- $34,987
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1811 20th Avenue
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 2, 2026ListedNWMLS via MLS Grid · #2590693$4,500,000$415/sq ft
- Sep 9, 2011Recorded saleKing County recorder · Statutory warranty deed$550,000$51/sq ft
- Nov 21, 1997Recorded saleKing County recorder · Statutory warranty deed$239,950$22/sq ft
- May 25, 1995Recorded saleKing County recorder · Statutory warranty deed$179,500$17/sq ft
Mortgage payment forecast
$28,771 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 52 days.
Recent sales nearby
Within 1 mile · last 6 months$760,000 Sold
0 days ago
3 bd•2 ba•~1,100 sq ft•Single Family
3019 E Union Street, Seattle, WA 98122
5%
Under list
41
Days on market
0.7 mi
Distance
$1,800,000 Sold
0 days ago
4 bd•3.25 ba•~3,110 sq ft•Single Family
826 30th Avenue, Seattle, WA 98122
5%
Under list
35
Days on market
0.8 mi
Distance
$668,000 Sold
1 day ago
2 bd•1.5 ba•~950 sq ft•Single Family
1615 A 21st Avenue, Seattle, WA 98122
1%
Under list
34
Days on market
0.2 mi
Distance
$1,125,000 Sold
2 days ago
3 bd•3.5 ba•~1,720 sq ft•Single Family
2612 E Denny Way, Seattle, WA 98122
0%
Over list
40
Days on market
0.4 mi
Distance
$795,000 Sold
2 days ago
2 bd•1 ba•~980 sq ft•Single Family
3005 E Union Street, Seattle, WA 98122
0%
Over list
33
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 23, 2026 at 1:28 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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