201 & 205 26th Avenue E, Seattle, WA 98112
- $1,999,950
Listing courtesy of Windermere RE/Capitol Hill,Inc.
- List Price
- $1,999,950
- Status
- PENDING INSPECTION
- MLS#
- 2552274
- Days on Market
- 15
- Lot Size (sq ft)
- 9,600
Property Description
Corner double-lot opportunities like this simply don't come around: two side-by-side triplexes at 201 and 205 26th Ave E, offered together as a single six-unit assemblage commanding the corner of 26th Ave E and E John St, in one of Seattle's most desirable and centrally located neighborhoods just minutes from Downtown, South Lake Union, and the Eastside. Six two-bedroom apartments span the two matched buildings, with 201's spacious owner's suite a natural fit for an owner-occupant who wants to live in one home and let the others help carry it. With alley-accessed off-street parking and a full-corner footprint, it delivers the practical features investors and developers actually look for. All six units are income-producing, delivering in-place cash flow from day one. And the options are what set it apart: hold as-is for a stable six-unit income position in a location that consistently holds its value; redevelop under its LR3 (Lowrise 3) zoning, where the combined lots offer the density and scale for new townhomes or apartments that a single parcel can't match; or take the existing buildings through a full rehab and reposition them as modernized, higher-yield homes. A contiguous LR3 corner assemblage like this rarely trades, and almost never as a matched pair of side-by-side triplexes. Two Parcels 982870-2400 & 982870-2405
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Additional Information
- Community
- Madison Valley
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- View
- City
- Sewer
- On Property
- Tax Year
- 2026
- School District
- Seattle
- Elementary School
- Mc Gilvra
- Middle School
- Meany Mid
- High School
- Garfield High
- Potential Terms
- Cash, Conventional
- Driving Directions
- GPS is Correct
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