5506 7th AVE NW, Seattle, WA 98107
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5506 7th AVE NW, Seattle, WA 98107
5506 7th AVE NW, Seattle, WA 98107
5506 7th AVE NW, Seattle, WA 98107
5506 7th AVE NW, Seattle, WA 98107
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Elliott Franklin

Elliott Franklin

+1(206) 915-6350
Listed by:COMPASS • Jonny Tat
$ 1,300,000
Est. payment /mo
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5506 7th AVE NW Seattle, WA 98107

6 Beds

4 Baths

2,770 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,770 sqft

Price per Sqft $469

Subdivision Ballard

MLS Listing ID 2542614

Style 53 - Tri-plex

Bedrooms 6

Year Built 1969

Annual Tax Amount $12,663

Lot Size 5,000 Sqft

Property Sub-Type Multi Family

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.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Cement/Concrete, Stucco

Garage Spaces 2.0

Amenities Available Fenced-Partially, High Speed Internet, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Elliott Franklin

Elliott Franklin

Real Estate Advisor

+1(206) 915-6350

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5506 7th AVE NW