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About the Listing 7091 - 67389,68913
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
2552318
Year Built
1962
Total Square Footage
2,160
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: 3 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: 9828702405
- Tax Year: 2026
Payment Calculator
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Questions About..
205 26th Ave E Seattle, WA 98112
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