$999,975
205 26th Avenue E, Seattle, WA 98112
2,600 Sq Ft
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MLS #2552318 / Listing provided by NWMLS & Windermere RE/Capitol Hill,Inc.

$999,975

205 26th Avenue E
Seattle, WA 98112

Active 21 hours ago
2,600
Sq Ft
$385
Per Sq Ft
1962
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 3
  • Total Uncovered Parking Spaces: 3

Structure

  • Roof: Flat
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.1102
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Seattle
  • High School: Garfield High
  • Middle School: Meany Mid
  • Elementary School: Mc Gilvra

Lot Details

  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.1102
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric
  • Power Company: Seattle City Light

Water, Sewer, and Garbage

  • Sewer Company: Seattle Public Utilities
  • Sewer: Sewer Connected
  • Water Company: Seattle Public Utilities
  • Water Source: Public
  • Water, Sewer, and Garbage: 4730.2
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