5506 7th Avenue NW, Seattle, WA 98107

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5506 7th Avenue NW, Seattle, WA 98107

$1,300,000 (Active)

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Listed by: Jonny Tat - COMPASS

$$1,300,000

Active

est.$1,300,000/month.

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beds. baths. 5,000 Sqft.

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Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

5506 7th Avenue NW, Seattle, WA 98107

$1,300,000

Active

est.$1,300,000/month.

Start My Approval

beds baths 5,000 Sq.ft.

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Property details for 5506 7th Avenue NW, Seattle, WA 98107

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.

Broker details: COMPASS

Listed by: Jonny Tat
Co-listing Broker: COMPASS
Co-listing Agent: Elaine Gray