547 S Sullivan Street, Seattle, WA 98108

Seattle
Local realty services provided by:Imagine Realty ERA Powered
Listed by: autumn allen
Office: inspire realty
MLS#:2584800
Source:NWMLS
547 S Sullivan Street,Seattle, WA 98108
$625,000
  • - Beds
  • - Baths
  • 1,250 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$625,000
  • Price per sq. ft.:$500

About this home

Exceptional duplex investment or house-hacking opportunity featuring a 6.5% Cap Rate and strong immediate cash flow in an area already transformed. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped street, this unique property comprises two fully detached, well-maintained cottages with zero shared walls. The tenants love the privacy and have been there since 2022. The spacious 2-bedroom front unit and the 1-bedroom rear unit complete with a private double driveway and new security gate—generate a combined gross income of over $4000 per month. Boasting an effective year built of 2022, the turnkey asset features updated paint, flooring, and appliances, while offering a massive future development play surrounded by new townhomes. Seller is executing 1031 exchange. Schedule your tour today!

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Home facts

  • Year built:1905
  • Subdivision & Development:South Park
  • Listing ID #:2584800
  • Updated:September 29, 2026 at 11:44 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:$625,000
  • Price per sq. ft.:$500
  • Tax amount:$4,728 (2025)

Features and amenities

  • Amenities:High Speed Internet

Parking

  • Total parking spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 29, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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