$1,300,000
Est. $6,526/mo5506 7th Avenue Nw, Seattle, WA 98107
• Listed 2026-06-26•12 days on market
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Based on information submitted to the MLS GRID as of June 26, 2026 at 04:28pm (date and time MLS GRID Data was obtained). 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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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.
Listed by Jonny Tat • COMPASS
Listing updated: June 26, 2026 at 04:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2542614
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Open Sat, Jul 11RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value5506 7th Avenue Nw, Seattle, WA 98107
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
$997,000 Sold
2 days ago
•Single Family
6251 3rd Avenue Nw, Seattle, WA 98107
0%
Over list
—
Days on market
0.6 mi
Distance
$759,950 Sold
5 weeks ago
2 bd•1 ba•~1,541 sq ft•Single Family
806 Nw 50th Street #b, Seattle, WA 98107
0%
Over list
—
Days on market
0.3 mi
Distance
$889,850 Sold
2 months ago
3 bd•1.5 ba•~1,644 sq ft•Single Family
1129 Nw 58th Street #b, Seattle, WA 98107
0%
Over list
—
Days on market
0.4 mi
Distance
$815,000 Sold
2 months ago
3 bd•2.5 ba•~1,310 sq ft•Single Family
1409 Nw 63rd Street #a, Seattle, WA 98107
1%
Under list
—
Days on market
0.6 mi
Distance
$972,000 Sold
3 months ago
3 bd•2 ba•~2,120 sq ft•Single Family
907 Nw 61st Street, Seattle, WA 98107
0%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Seattle School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
