5506 5th Avenue NW

Welcome to a rare Ballard opportunity—where newly remodeled interiors, flexible living, and future potential come together. This early 20th-century Craftsman offers over 3,200 sq ft of refreshed living space, thoughtfully updated for modern comfort while maintaining its timeless appeal. The kitchen features newer appliances, making everyday living effortless. Designed with versatility in mind, the home features two separate entrances and an income-ready layout. The upper level includes its own private entrance, while the lower level offers a fully self-contained suite with a kitchen—live in one unit while generating income from the remaining space through Airbnb and short-term rentals-offering the potential to live nearly mortgage-free. The backyard also offers additional development potential. LR1 zoning provides strong opportunities for future redevelopment and value growth. (Buyer to verify) Enjoy elevated westerly views toward Magnolia and stunning sunsets from the upper floors. All just steps from Ballard’s best coffee, dining, and parks—this is more than a home, it’s a lifestyle and an investment.