PROPERTIES FOR SALE

5506 7th Avenue NW Seattle, WA 98107

NWMLS Courtesy of COMPASS
5506 7th Avenue NW
Seattle, WA 98107
$1,300,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Welcome to this prime Ballard triplex, an exceptional opportunity for investors looking for a well-maintained, income-producing asset in a highly walkable and sought-after Seattle neighborhood. Currently fully tenant-occupied, rents in two units were recently increased to closely reflect current market value, offering a solid foundation with a clear path for continued growth. Two of the units were fully renovated, and every unit comes fully equipped with a range, refrigerator, and dishwasher for everyday convenience. Beyond the individual living spaces, the property features shared on-site coin laundry facilities and two garage spaces, adding significant value and the potential for additional parking or storage revenue. Situated in an incredibly walkable Ballard location, residents have easy access to the neighborhood's renowned dining, shopping, and entertainment. This is a rare chance to own a fully occupied, well-performing asset with clear upside in one of Seattle's strongest rental markets.

Property Features

Community: Ballard
Tri-plex
View: Territorial
Fenced-Partially
High Speed Internet
Patio
Exterior: Brick
Exterior: Cement/Concrete
Exterior: Stucco
Roof: Composition
Year Built: 1969
2026 Taxes: $12663.00
Buyer Broker Comp.: 2%
Listing #: 2542614

Lot Details

Lot Size: 0.11 acres
Curbs
Paved
Sidewalk
No. of Units: 3

Interior

Cooling: None
Heating: Baseboard
Electric

Schools

District: Seattle
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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