Listing provided courtesy of COMPASSNWMLSMLS# NWM2542614MLS Provider
  • 0 views

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.

Source: NWMLS, MLS#: NWM2542614

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    0.11 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

RainTown Realty

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    34
  • Population Density
    11,325
  • College Educated
    80%
  • Estimated Median Income
    $102,436
  • Estimated Total Home Owners
    5,772
  • Estimated Total Renters
    9,074
  • Owner / Renter Divide
    39% / 61%
  • Estimated Average Household Size
    2
  • Total Population
    28,025
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5506 7th Avenue NW


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/26/2026Source: NWMLS Added to Database
June 26, 2026
10/7/2025Source: NWMLS Status Change
Sold
9/9/2025Source: NWMLS Status Change
Pending Inspection
8/26/2025Source: NWMLS Added to Database
August 26, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021