$1,300,000
5506 7th Avenue NW, Seattle, WA 98107
2,770 Sq Ft
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MLS #2542614 / Listing provided by NWMLS & COMPASS.

$1,300,000

5506 7th Avenue NW
Seattle, WA 98107

Active 1 day ago
2,770
Sq Ft
$469
Per Sq Ft
1969
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 2
  • Parking Total: 3
  • Total Uncovered Parking Spaces: 3

Structure

  • Roof: Composition
  • Exterior Features: Brick, Cement/Concrete, Stucco

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1148
Area Features

Schools

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

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1148
Utilities

Power

  • Energy Source: Electric
  • Power Company: Seattle City Light

Water, Sewer, and Garbage

  • Sewer Company: Seattle Public Utilities
  • Sewer: Sewer Connected
  • Water Company: Seattle Public Utilities
  • Water Source: Public
  • Water, Sewer, and Garbage: 6291
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