201 26th Ave E Seattle, WA 98112
Madison Valley NeighborhoodEstimated payment $6,397/month
Highlights
- City View
- Corner Lot
- Baseboard Heating
- McGilvra Elementary School Rated A
- No HOA
- 4-minute walk to Plum Tree Park
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2552312
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,564
Year Built
- Built in 1962
Lot Details
- 4,800 Sq Ft Lot
- Partially Fenced Property
- Corner Lot
Home Design
- Triplex
- Flat Roof Shape
- Poured Concrete
- Wood Siding
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- City Views
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Schools
- Mc Gilvra Elementary School
- Meany Mid Middle School
- Garfield High School
Utilities
- Baseboard Heating
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Madison Valley Subdivision
Listing and Financial Details
- Assessor Parcel Number 9828702400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,564 | $1,091,000 | $929,000 | $162,000 |
| 2024 | $10,827 | $1,103,000 | $911,000 | $192,000 |
| 2023 | $9,775 | $1,073,000 | $911,000 | $162,000 |
| 2022 | $9,539 | $1,131,000 | $786,000 | $345,000 |
| 2021 | $9,172 | $1,017,000 | $714,000 | $303,000 |
| 2020 | $9,485 | $929,000 | $645,000 | $284,000 |
| 2018 | $8,292 | $987,000 | $558,000 | $429,000 |
| 2017 | $6,942 | $823,000 | $476,000 | $347,000 |
| 2016 | $6,593 | $709,000 | $397,000 | $312,000 |
| 2015 | $5,520 | $658,000 | $368,000 | $290,000 |
| 2014 | -- | $561,000 | $307,000 | $254,000 |
| 2013 | -- | $538,000 | $378,000 | $160,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | For Sale | $999,975 | -- | $385 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | Credit Line Revolving |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2552312
APN: 982870-2405
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Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID
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