205 26th Ave E Seattle, WA 98112
Madison Valley NeighborhoodEstimated payment $6,334/month
Highlights
- City View
- Corner Lot
- Baseboard Heating
- McGilvra Elementary School Rated A
- No HOA
- 4-minute walk to Julia Lee's Park
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2552318
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
- 3 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 9828702405
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 |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2552318
APN: 982870-2400
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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
- 201 & 205 26th Ave E
- 201 26th Ave E
- 129 26th Ave E
- 230 26th Ave E
- 209 27th Ave E Unit B
- 2602 E Thomas St
- 2591 E Madison St Unit 2567
- 227 24th Ave E Unit B
- 337 25th Ave E
- 223 29th Ave E
- 227 29th Ave E
- 0 E Howell St
- 425 26th Ave E
- 112 29th Ave E
- 108 29th Ave E
- 325 23rd Ave E
- 431 26th Ave E
- 106 29th Ave E
- 1811 29th Ave
- 1725 Martin Luther King jr Way
- 1718 27th Ave Unit A
- 130 21st Ave E Unit C
- 2112 E Denny Way
- 1811 20th Ave
- 514 E 19th Ave
- 123 18th Ave E
- 1818 E Madison St
- Union St @ 23rd Ave
- 2301 E Union St
- 121 15th Ave E
- 1420 E Howell St
- 605 15th Ave E
- 1321 E John St
- 1123 18th Ave Unit C
- 431 14th Ave E
- 500 13th Ave E
- 1525 14th Ave S
- 2332 E Cherry St
- 1300 E Pike St
- 1314 E Union St
Ask me questions while you tour the home.