Seattle, WA 98107 5506 7th Avenue NW
$1,250,000
Pending
35 more
Presented By: Realogics Sotheby’s Int’l Rlty and NWMLS
- MLS# 2425280
- 08/26/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,770
Home Details
Explore this prime multi-family property in the heart of the Seattle MF area. Boasting a 2,770 SF building with three updated units and 2 one-car garages this impeccably maintained property offers outstanding investment potential. Built in 1969 and thoughtfully renovated in 2012, it presents a compelling opportunity for a discerning investor. With LR1(M) zoning and a full occupancy rate, this asset is positioned for immediate income generation and future growth. Don’t miss out on the chance to own a piece of this thriving market with a property that exemplifies the best of low-rise, garden-style living in the Seattle area.
Presented By: Realogics Sotheby’s Int’l Rlty and NWMLS
Interior Features for 5506 7th Avenue NW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 5506 7th Avenue NW
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Building NameGILMAN PARK ADD
Cap Rate4.16
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsGreen Lake Way N, merge onto N 46th St., Left onto NW Market St, Right onto 7th Ave NW, Triplex on the Right.
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBallard High
High School DistrictSeattle
Insurance Expense1100
Leasable Area2770
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet5000
Lot Size UnitsSquare Feet
MLS Area705 – Ballard/Greenlake
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-09T16:02:10.951Z
NWM_ShowMapLinkY
Net Operating Income52024
New ConstructionNo
Number Of Units Total3
Open Parking Spaces3
PossessionClosing, See Remarks, Subject to Tenant Rights
Possible UseResidential
Property ConditionGood
Property Style53 – Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExplore this prime multi-family property in the heart of the Seattle MF area. Boasting a 2, 770 SF building with three updated units and 2 one-car garages this impeccably maintained property offers ou
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeTriplex
Subdivision NameBallard
Tax Annual Amount12000
Tax Year2025
Units Below Gradetrue
Units In Building Total3
ViewTerritorial
Virtual TourClick here
Water CompanySeattle PUD
Water Sewer Garbage6291
Year Built1969
Zoning DescriptionResidential
Exterior for 5506 7th Avenue NW
Building Area Total2770
Covered Spaces2
Exterior AmenitiesBrick, Cement/Concrete, Stucco
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Number3
Lot Size Acres0.1148
Parking Uncovered Spaces3
Site FeaturesFenced-Partially, Patio
Total Parking5
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Ballard High
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
Josh QA1
REALTOR ® SRES ®