Active · Residential Income

5506 7th Avenue NW, Seattle, WA 98107

Seattle, WA 98107

$1,250,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by COMPASS · MLS #2542614 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1969
Lot size: 5,000 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $12,663 (2026)
Parking spaces: 3
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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