5506 7th Avenue NW Seattle WA 98107 MLS #NWM2425280

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Listing Provided Courtesy of Realogics Sotheby’s Int’l Rlty
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.
Current real estate data for Multi Family in Seattle as of Aug 31, 2025
192
Multi Family Listed
97
Avg DOM
469
Avg $ / SqFt
$1,918,024
Avg List Price

Property Details

Price:
$1,250,000
MLS #:
NWM2425280
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subdivision:
Ballard
Neighborhood:
705 – Ballard/Greenlake
Listed Date:
Aug 26, 2025
Finished Sq Ft:
2,770
Total Sq Ft:
2,770
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1969
Units:
3
Gilman Park Add705 – Ballard/greenlake705 – Ballard/greenlakeBallardSeattleBuyer To VerifyBuyer To VerifyBallard High

Schools

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

Interior

Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Baseboard

Exterior

Construction Materials
Brick, Concrete, Stucco
Exterior Features
Brick, Cement/ Concrete, Stucco
Parking Spots
5
Roof
Composition
Security Features
Partially Fenced

Financial

Net Operating Income
$52,024
Tax Year
2025
Taxes
$12,000

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Property Summary

    Located in the Ballard subdivision, 5506 7th Avenue NW Seattle WA is a Multi Family for sale in Seattle, WA, 98107. It is listed for $1,250,000 To schedule a showing of MLS#nwm2425280 at 5506 7th Avenue NW in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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5506 7th Avenue NW
Seattle, WA