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About the Listing 7091 - 67389,68913
205 26th Ave E is a classic Madison Park triplex — three two-bedroom units, generating steady cash flow instantly, with original condition throughout that puts real upside within reach. Renovate unit by unit and push rents toward market as leases turn over (currently month to month), 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 offers alley-accessed off-street parking—sought after in this neighborhood— in a rental submarket that has consistently supported strong occupancy and rents, with limited new supply to compete against. The sale is paired with the sister triplex next door at 201 26th Ave E (MLS #2552312), each contingent on the other, so a buyer takes down three income-producing units immediately, 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 directon you want to take the property. Value-add triplexes with cash flow already in place and this much room to grow rarely come available in this pocket of Seattle. Unit 201 is Owner Occupied.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
2552312
Year Built
1962
Total Square Footage
2,640
Lot/Acreage
0.11
County
King
Neighborhood
Madison Valley
School District
Seattle
Elementary School
Mc Gilvra
Middle School
Meany Middle
High School
Garfield High
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Seattle Public Utilities
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Zoning: Residential
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: Residential
- Roof: Flat
- Others: Wood
- Sewer: Seattle Public Utilities
Financial Details
- Tax Amount: $11,564
- Taxes w/Assessments: N/A
- Tax/Property ID: 9828702400
- Tax Year: 2026
Payment Calculator
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Questions About..
201 26th Ave E Seattle, WA 98112
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