


5506 7th Avenue NWSeattle, WA 98107
Multi-Family · 6 Beds · 2,770 Sq. ft. | 0.11 Acres5506 7th Avenue NW Overview
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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.
5506 7th Avenue NW Facts & Features
- Type Multi-Family
- Sq. ft. 2,770
- Price/Sq.ft. $469
- Lot 0.11 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 87288
- Insurance Expense: 2239
- Net Operating Income: 61731
- Total Expenses: 21193
- Total Monthly Income: 7274
- Water/Sewer/Garbage: 6291
Building Information
- New Construction: No
- Year Built: 1969
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 705 - Ballard/Greenlake
- Subdivision Name: Ballard
Tax Information
- Tax Annual Amount: $12,663.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, FHA, VA Loan
- Parcel Number: 2768200090
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 2
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 2770
- Building Area Units: Square Feet
- Calculated Square Footage: 2770
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl, Vinyl Plank, Carpet
- Heating: Yes
- Leasable Area: 2770
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 3
- Parking Uncovered Total: 3
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Acres: 0.1148
- Lot Size Square Feet: 5000
- Lot Size Units: Square Feet
- Site Features: Fenced-Partially, High Speed Internet, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Triplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick, Cement/Concrete, Stucco
- Number Of Units Total: 3
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 1889
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 2500
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 2885
- Beds Total: 2
- Baths Total: 2
5506 7th Avenue NW Neighborhood
Community
98107 (Seattle) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5506 7th Avenue NW Monthly Cost
5506 7th Avenue NW Market Data
Based on the last 30 days in this zip code
5506 7th Avenue NW History
| Date | Value | Agent |
|---|---|---|
| 6/26/2026Source: NWMLS | June 26, 2026 |
|
| 10/7/2025Source: NWMLS | Sold |
|
| 9/9/2025Source: NWMLS | Pending Inspection |
|
| 8/26/2025Source: NWMLS | August 26, 2025 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |




































