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 SchoolSchoolDigger 4 stars · Top 10% in WA

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.