All homes

$1,250,000

Reduced $50,000 — was $1,300,000

5506 7th Avenue

Seattle, WA 98107

Active
Territorial view

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

BrickCement/ConcreteStucco

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
Loan amount $1,000,000

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.

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