Rockhood
$1,250,000List price
Active

5506 7th Avenue NW · Seattle, WA 98107

Source: NWMLS · COMPASS · Jonny Tat #NWM2542614

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.

Location

Basics

Property type
Multi Family
Style
Tri-plex
Stories
2 stories
Condition
Good
Year built
1969
Building area
2,770 sq ft
Lot size
5,000 sq ft (0.11 acres)
County
King
MLS #
NWM2542614

Interior

Heating
Baseboard
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet

Exterior & lot

Exterior features
Brick, Cement/Concrete, Stucco
Roof
Composition
Lot features
Curbs, Paved, Sidewalk
View
Territorial
Waterfront
No

Parking

Parking spaces
3
Garage
2

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric

Community & fees

Subdivision
Ballard
Property tax
$12,663 (2026)

Transaction

Original list price
$1,300,000 (3.8% price cut)
Listed on
Jun 26, 2026
Days on market
85
Listing terms
Cash, Conventional, FHA, VA Loan
Possession
Subject To Tenant Rights

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2025-10-07
Sold$1,250,000
2015-03-31
Sold$890,000
2012-03-22
Sold$500,000
2006-10-12
Sold$650,000

Schools

School district: Seattle

Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Ballard High School
SchoolDigger 4 stars · Top 10% in WA

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Listing provided courtesy of: COMPASS

Listing agent: Jonny Tat.

Based on information submitted to the MLS GRID as of . 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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-06.