5506 7th Avenue NW Seattle, WA $ 1,300,000
5506 7th Avenue NW
$ 1,300,000
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5506 7th Avenue NW

Seattle, WA, 98107
$ 1,300,000
Baths0.0 Sq 2,770

Monthly Estimate*

$ 8,208

Listed by COMPASS
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,300,000. This 2,770 square foot home was built in 1969 on a lot size of 0.1148.

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.

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,663

Style

Tri-plex

Lot Size

0.1148

Year Built

1969

Town/City

Seattle

County/Region

King

MLS | Web ID

2542614

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Partially Fenced
Year Built 1969
View Territorial
Property Subtype Multi Family
Tax Year 2026
County King
Net Operating Income 61731
Insurance Expense 2239
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ballard
Special Listing Conditions None
Status Active
Directions Use Google or Apple Maps.
High School Buyer To Verify
City Seattle
Senior Community Y/N N
High School District Seattle
Number Of Units Total 3
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 5000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 12663
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks 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. Current
Leasable Area 2770
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company Seattle Public Utilities
Units Below Grade true
Units In Building Total 3
Water Sewer Garbage 6291
Property Style 53 - Tri-plex
Cap Rate 4.74
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Exterior
Exterior Amenities Brick Cement/Concrete Stucco
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 3
Building Area Total 2770
Lot Size Acres 0.1148
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially High Speed Internet Patio
Parking Uncovered Total 3
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2542614
Street Number 1 5506
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* Excluded Features
List By
Jonny Tat

Listing Agent

Compass

Broker

Affordability Calculator

$9,264
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$1,055
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100738 Elementary School
3100363 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$1,300,000 Listed Price

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5506 7th Avenue NW, Seattle, WA, 98107 is a Multi-Family Home for sale at $1,300,000 with 2,770 sqft and a lot size of 0.1148. 5506 7th Avenue NW is a studio with 0.0 baths and was built in 1969. The property's zip code is 98107 which is in Seattle, WA