5506 7th Avenue NW, Seattle, WA 98107
- $1,250,000
- 2,770
- SqFt
Listing courtesy of Realogics Sotheby's Int'l Rlty. Selling Office: COMPASS.
- Sold Price
- $1,250,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2425280
- Closing Date
- Oct 07, 2025
- Days on Market
- 14
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,770
- Area Total SqFt
- 2770
- Annual Tax Ammount
- 12000
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-09-08
Property Description
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.
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Additional Information
- List Date
- 2025-09-23 00:00:00
- Community
- Ballard
- Net Operating Income
- $52,024
- Gross Adjusted Income
- $78,509
- Gross Scheduled Income
- $83,520
- Total Monthly Income
- $6,960
- Insurance Expenses
- $1,100
- Water/Sewer/Garbage Expenses
- $6,291
- Gross Rent Multiplier
- 15.22
- Total Expenses
- $31,496
- Cap Rate
- 4.16
- Vacancy Rate
- 6
- Total Number of Units
- 3
- Unit Name
- 5506
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1969
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 12105
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Ballard High
- Total Monthly Income
- $6,960
- Gross Scheduled Income
- $83,520
- Vacancy Rate
- 6
- Gross Adjusted Income
- $78,509
- Tax Year
- 2025
- Insurance Expense
- $1,100
- W/S/G Expenses
- $6,291
- Total Expenses
- $31,496
- Net Operating Income
- $52,024
- Gross Rent Multiplier
- 15.22
- Cap Rate
- 4.16
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.