$1,250,000
Reduced $50,000 — was $1,300,000
5506 7th Avenue
Seattle, WA 98107
Beds
—
Baths
—
Sq Ft
—
Lot
0.11 ac
Year built
1969
Type
Residential Income
Days listed
82
MLS #
2542614
About this home
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.
Exterior features
Schools
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify
Property details
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Vinyl, Vinyl Plank, Carpet
- View
- Territorial
- Lot
- Curbs, Paved, Sidewalk
- Water source
- Public
- Sewer
- Sewer Connected
Costs
- Annual taxes
- $12,663 (2026)
Estimate your monthly payment
$7,376/mo
- Principal & interest
- $6,321
- Property taxes
- $1,055
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Seattle, WA 98107
Approximate location. Contact us to confirm the exact address.
Listing courtesy of COMPASS— Jonny Tat.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.