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.

Courtesy of NWMLS
Listing courtesy of Dustin Van Wyck of Windermere RE/Capitol Hill,Inc



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-26 10:45 PM PDT