5506 5th Avenue NW Seattle, WA $ 1,695,000
5506 5th Avenue NW
$ 1,695,000
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5506 5th Avenue NW

Seattle, WA, 98017
$ 1,695,000
Baths0.0 Sq 3,281

Monthly Estimate*

$ 10,436

Listed by Best Choice Network LLC
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Studio

Multi-Family Home for sale in Seattle, WA

for $1,695,000. This 3,281 square foot home was built in 1928 on a lot size of 0.1148.

Welcome to a rare Ballard opportunity—where newly remodeled interiors, flexible living, and future potential come together. This early 20th-century Craftsman offers over 3,200 sq ft of refreshed living space, thoughtfully updated for modern comfort while maintaining its timeless appeal. The kitchen features newer appliances, making everyday living effortless. Designed with versatility in mind, the home features two separate entrances and an income-ready layout. The upper level includes its own private entrance, while the lower level offers a fully self-contained suite with a kitchen—perfect for Airbnb income, multi-generational living, or a private guest retreat.LR1 zoning provides strong opportunities for future redevelopment and value growth. Enjoy elevated westerly views toward Magnolia and stunning sunsets from the upper floors. All just steps from Ballard’s best coffee, dining, and parks—this is more than a home, it’s a lifestyle and an investment.

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Multi-Family Active

Price

$ 1,695,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,035

Style

Duplex

Lot Size

0.1148

Year Built

1928

Town/City

Seattle

County/Region

King

MLS | Web ID

2494994

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air Wall Furnace
Cooling None
Possession Closing
Roof See Remarks
HOA Fee 0
Garage Spaces 1
Security Features Partially Fenced
Year Built 1928
View Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 105700
Insurance Expense 1500
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ballard
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From 15th Ave NW in Ballard go east on NW Market St turn left (north) on 5th Ave NW. Home is on right.
High School Ballard High
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 2
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
Elementary School West Woodland
Tax Annual Amount 11035.66
Electric Expense 2400
Fuel Expense 1000
Middle/Junior High School Hamilton Mid
Public Remarks Welcome to a rare Ballard opportunitywhere newly remodeled interiors flexible living and future potential come together. This early 20th-century Craftsman offers over 3 200 sq ft of refreshed living
Leasable Area 3281
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Seattle
Units Below Grade true
Water Sewer Garbage 1200
Property Style 52 - Duplex
Cap Rate 9.73
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Exterior
Exterior Amenities See Remarks
Lot Features Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 3281
Lot Size Acres 0.1148
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Total 0
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Interior
Flooring Vinyl
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2494994
Street Number 1 5506
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* Excluded Features
List By
Jocelyn Tu

Listing Agent

Best Choice Network Llc

Broker

Affordability Calculator

$11,356
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,436
Monthly Property Taxes
$920
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
258144 Elementary School
257475 Middle School
Ballard High High School
Pricing History
DatePricePrice ChangeDescription
3/20/2026$1,695,000 Listed Price

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5506 5th Avenue NW, Seattle, WA, 98017 is a Multi-Family Home for sale at $1,695,000 with 3,281 sqft and a lot size of 0.1148. 5506 5th Avenue NW is a studio with 0.0 baths and was built in 1928. The property's zip code is 98017 which is in Seattle, WA