$999,975
Est. $5,051/mo205 26th Avenue E, Seattle, WA 98112
• Listed 2026-07-10•New today
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Based on information submitted to the MLS GRID as of July 10, 2026 at 03:13pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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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.
Listed by Dustin Van Wyck • Windermere RE/Capitol Hill,Inc
Listing updated: July 10, 2026 at 03:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2552318
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205 26th Avenue E, Seattle, WA 98112
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 11 days.
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Days on market
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Distance
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Under list
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Distance
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Days on market
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Distance
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Over list
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Days on market
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
