547 S Sullivan Street, Seattle, WA 98108

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: autumn allen
Office: inspire realty
MLS#:2432506
Source:NWMLS
547 S Sullivan Street,Seattle, WA 98108
$638,000
  • - Beds
  • - Baths
  • 1,250 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$638,000
  • Price per sq. ft.:$510.4

About this home

INVESTOR & HOUSE-HACKER ALERT: LR3 Zoned Cash-Flow! Seize this rare opportunity to own a high-yield, well-maintained asset with a 6.5% Cap Rate and the last developable lot on a quiet, redeveloped dead-end street. This unique property features two detached cottages—a roomy 2-bed/1-bath front unit and a 1-bed/1-bath rear unit with a private double driveway and new security gate—offering maximum privacy with no shared walls. Generating $3,822/mo in total income, the asset includes a contractual 5% rent increase in May 2026. The 4,500 SF lot is zoned LR3, surrounded by beautiful new townhomes, providing a massive future development play. Seller is offering $15,000 in Buyer Incentives, perfect for a 2-1 interest rate buy-down to maximize your day-one cash flow. Updates include newer paint, flooring, appliances, and an effective year built of 2022. Easy access to transit and neighborhood amenities. Seller 1031 exchange—make an offer today!

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Home facts

  • Year built:1905
  • Listing ID #:2432506
  • Updated:May 15, 2026 at 11:04 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor, Vinyl Plank
  • Living area:1,250 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1905
  • Building area:1,250 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Alley, Curbed Lot, Dead-end Street, Paved, Secluded, Sidewalk
  • Construction Materials:Cement Planked
  • Exterior Features:Fenced-Fully

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$638,000
  • Price per sq. ft.:$510.4
  • Tax amount:$4,728 (2025)

Parking

  • Parking description:Uncovered Space(s) : 2
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