205 26th Avenue E, Seattle, WA 98112
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: dustin van wyck, ray york
Office: windermere re/capitol hill,inc
MLS#:2552318
Source:NWMLS
205 26th Avenue E,Seattle, WA 98112
$999,975
- - Beds
- - Baths
- 2,600 sq. ft.
- Multi-family
- Pending Inspection
Price summary
- Price:$999,975
- Price per sq. ft.:$384.61
About this home
201 26th Ave E is a classic Madison Park corner triplex — three two-bedroom units, two generating steady cash flow instantly with leases currently month to month, plus a third unit that is owner-occupied and will be delivered vacant at closing, an immediate opportunity to bring a full unit to market rent with no lease-turnover wait. Original condition throughout puts real upside within reach: renovate unit by unit and push rents toward market, or take the whole building through a full remodel to maximize long-term value — updated finishes and dedicated parking carry a clear rent premium. Set in Madison Park, one of Seattle's most desirable and supply-constrained lakeside neighborhoods, the building sits on the corner of 26th Ave E and E John St with alley-accessed off-street parking—sought after in this neighborhood—in a rental submarket that has consistently supported strong occupancy and rents. The sale is paired with the sister triplex at 205 26th Ave E (MLS #2552318), each contingent on the other, so a buyer takes down all three units immediately, two cash-flowing and one ready to lease at market, with the option to renovate for stronger returns, plus the added long-term upside of the combined corner site's LR3 development potential should redevelopment be the direction you want to take the property. Value-add corner triplexes with cash flow already in place and this much room to grow rarely come available in this pocket of Seattle....
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Home facts
- Year built:1962
- Subdivision & Development:Madison Valley
- Listing ID #:2552318
- Updated:August 25, 2026 at 08:28 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:2,600 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Flat Roof
- Year built:1962
- Building area:2,600 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Corner, Curbed Lot, Paved, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Fenced-Partially
Schools
- High school:Garfield High
- Middle school:Meany Mid
- Elementary school:Mc Gilvra
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$999,975
- Price per sq. ft.:$384.61
- Tax amount:$11,564 (2026)
Features and amenities
- Amenities:Cable TV, Gas Available, High Speed Internet
Parking
- Total parking spaces:3
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