205 26th AVE E, Seattle, WA 98112
205 26th AVE E, Seattle, WA 98112
205 26th AVE E, Seattle, WA 98112
205 26th AVE E, Seattle, WA 98112
205 26th AVE E, Seattle, WA 98112
205 26th AVE E, Seattle, WA 98112
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:Windermere RE/Capitol Hill,Inc • Dustin Van Wyck
$ 999,975
Est. payment | /mo

6 Beds

3 Baths

2,600 SqFt

Save
$ 999,975
Est. payment | /mo
Save

6 Beds

3 Baths

2,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $384

Subdivision Madison Valley

MLS Listing ID 2552318

Style 53 - Tri-plex

Bedrooms 6

Year Built 1962

Annual Tax Amount $11,564

Lot Size 4,800 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet

View Y/N Yes

View City

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Mc Gilvra

Middle Schools Meany Mid

High Schools Garfield High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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