205 26th Avenue E, Seattle, WA 98112 (MLS # 2552318)
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Listing provided courtesy of Northwest MLS; Windermere RE/Capitol Hill,Inc
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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.
| LAST UPDATED | 7/10/2026 | TRACT | Madison Valley |
|---|---|---|---|
| YEAR BUILT | 1962 | COMMUNITY | Madison Valley |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Mc Gilvra |
|---|---|
| Jr. High School | Meany Mid |
| High School | Garfield High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 390 - Central Seattle |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| LOT | 4800 sq ft |
| LOT DESCRIPTION | Corner Lot, Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 53 - Tri-plex |
| SUBDIVISION | Madison Valley |
| TAXES | 11564 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | Residential |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/11/26 3:19 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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