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No HOA
Street View
Listed by: Jonny Tat (206) 973-6838 , Elaine Gray (206) 799-1371 | COMPASS (206) 448-8888
$1,250,000
Monthly Est:$6,222
6 Beds
4 Baths
2,770sqft
5506 7th Avenue NW, Seattle, WA 98107
$1,250,000
$6,222/moEst:
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Multi Family
Built in 1969
$-- HOA
5,000 sqft lot
$451/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:35 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2542614
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1969
HOA Fees
-
Finished Area
2,770 sqft
Lot Size
5,000 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2542614
MLS Status
Active
Days on Market
97
Cumulative Days on Market
97
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Flooring
Vinyl, Vinyl Plank, Carpet
Exterior Features
Brick, Cement/concrete, Stucco
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1969
Home type
Multi Family
Roof
Composition
Property Condition
Good
Construction Materials
Brick, Cement, Stucco
Utilities & Energy
Security Features
Partially Fenced
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Ballard
Price History
| Date | Event | Price |
|---|---|---|
06/26/2026 Source: | Listed for Sale | $1,250,000 -3.85% $451/sqft |
06/26/2026 Source: | Price Increased | $1,300,000 +4.00% $469/sqft |
10/07/2025 Source: | Price Increased | $1,250,000 +40.45% $451/sqft |
04/02/2015 Source: | Price Increased | $890,000 +78.00% $321/sqft |
03/23/2012 Source: | Sold | $500,000 $181/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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