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Listed by:Windermere RE/Capitol Hill,Inc • Dustin Van Wyck
$ 1,999,950
Est. payment /mo
New
201 & 205 26th AVE E Seattle, WA 98112
9,600 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Madison Valley
MLS Listing ID 2552274
Style 42 - Multi-Family
Annual Tax Amount $23,128
Lot Size 9,600 Sqft
Property Sub-Type Land
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
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N Yes
View City
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer On Property
Water On Property
Schools
Elementary Schools Mc Gilvra
Middle Schools Meany Mid
High Schools Garfield High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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