$1,250,000
 $6,710 est/mo Sourced by Back At You

5506 7th Avenue,Seattle, WA 98107

Seattle, WA 98107

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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.

Details

MLS #2542614
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1969
Days On Site122
Listing Provided ByCOMPASS | Jonny Tat

Features

SQ Feet2,770
Garage2
Story(s)2
Units3
Acreage0.11
Property ViewYes

Taxes

Property12663

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98107
Area705 Ballard | Greenlake
Community NameBallard
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Ballard)
Price:
$1,250,000
low | high
Med:
$799,950
86.004% of Average
sqft:
2,770
low | high
Med:
1,030
100% of Average
$ / sqft:
$451
low | high
Med:
$777
22.105747572816% of Average
On site:
122
low | high
Med:
39
100% of Average
Sourced by Back At You

Market Activity 98107

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Based on information submitted to the MLS GRID as of October 26, 2026 at 5:02:17 AM PDT. 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.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98107
Area705 Ballard | Greenlake
Community NameBallard
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Ballard)
Price:
$1,250,000
low | high
Med:
$799,950
86.004% of Average
sqft:
2,770
low | high
Med:
1,030
100% of Average
$ / sqft:
$451
low | high
Med:
$777
22.105747572816% of Average
On site:
122
low | high
Med:
39
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $937K - $1.562M
sqft: 2,000 - 3,000
Listing Updated: September 29, 2026 at 3:53:46 AM PDT