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$1,250,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Car Garage
  • Updated 12 days ago

Listed by Jonny Tat | Compass | (206) 448-8888 and Elaine Gray | Compass | (206) 448-8888

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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.

Full Property Details for 5506 7th Ave NW

General

  • Price: $1,250,000
  • Taxes: $12,663 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2542614
  • Updated: 8/6/2026
  • Added to Site: 54 day(s) ago

Interior

  • Flooring: Vinyl, Vinyl Plank, Carpet

Additional Information

  • Amenities: Fenced-Partially, High Speed Internet, Patio
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 2
  • Uncovered Spaces: 3

Location

  • Area: 705 - Ballard/Greenlake
  • County: King
  • Subdivision: Ballard
  • Driving Directions: Use Google or Apple Maps.

School Information

  • High School District: Seattle
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Brick, Cement/Concrete, Stucco
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,770
  • Year Built: 1969
  • Property Condition: Good

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.1148
  • Lot Size (Sq. Ft.): 5,000
  • Lot Size Source: Realist
  • Lot Features: Curbs, Paved, Sidewalk

Financial Considerations

  • Tax Amount: $12,663
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2768200090

Listed by Jonny Tat | Compass | (206) 448-8888 and Elaine Gray | Compass | (206) 448-8888

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5506 7th Ave NW

School District:Seattle School District
NameGradesDistance
West Woodland Elementary School
5601 4th Avenue Northwest, Seattle, WA 98107
K-50.2 mi
Hamilton International Middle School
1610 North 41st Street, Seattle, WA 98103
6-81.5 mi
Ballard High School
1418 Northwest 65th Street, Seattle, WA 98117
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5506 7th Ave NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/06/2026
Price Reduced
$1,250,000
-3.85%
MLS
6/26/2026
Listed
$1,300,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5506 7th Ave NW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$13,647
7%
$1,278,000
-1%
2024
$12,796
8%
$1,290,000
-2%
2024
$11,803
2%
$1,323,000
—
2022
$11,549
9%
$1,323,000
10%
2021
$10,639
—
$1,204,000
13%
2021
$10,639
-3%
$1,066,000
-5%
2020
$11,001
14%
$1,120,000
3%
2019
$9,637
-3%
$1,089,000
12%
2018
$9,889
17%
$974,000
14%
2017
$8,423
11%
$854,000
14%
2016
$7,604
26%
$751,000
24%
2015
$6,049
-1%
$605,000
8%
2014
$6,137
—
$558,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jonny Tat | Compass | (206) 448-8888 and Elaine Gray | Compass | (206) 448-8888

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5506 7th Avenue NW, Seattle, WA 98107 (MLS# 2542614) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 5506 7th Avenue NW is currently listed for $1,250,000 and was received on June 26, 2026. Want to learn more about 5506 7th Avenue NW? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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