Date
Details
Price
Change
Source
6/26/2026
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$1,300,000 Just Listed
Property 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.
Full Property Details
Full Property Details for 5506 7th Ave NW
General
- Price: $1,300,000
- Taxes: $12,663 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2542614
- Updated: 6/26/2026
- Added to Site: 3 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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Schools
Schools serving 5506 7th Ave NW
School District:Seattle School District
| Name | Grades | Distance |
|---|---|---|
West Woodland Elementary School 5601 4th Avenue Northwest, Seattle, WA 98107 | K-5 | 0.2 mi |
Hamilton International Middle School 1610 North 41st Street, Seattle, WA 98103 | 6-8 | 1.5 mi |
Ballard High School 1418 Northwest 65th Street, Seattle, WA 98117 | 9-12 | 0.7 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
Tax History
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5506 7th Ave NW
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Sold by Taylor Lee | Real Broker LLC
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Sold by Kylie Poon | eXp Realty
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 $1,300,000 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 Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.