551 S Sullivan Street, Seattle, WA 98108

Local realty services provided by:Knipe Realty ERA Powered
Listed by: autumn allen
Office: inspire realty
MLS#:2432505
Source:NWMLS
551 S Sullivan Street,Seattle, WA 98108
$988,000
  • - Beds
  • - Baths
  • 2,760 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$988,000
  • Price per sq. ft.:$357.97

About this home

New Price, $10,000 Buyer Bonus, Motivated Seller! Step into an exceptional income-producing property that blends comfortable living w/ cash flow. Current annual income is over $86,000 w/planned rent increase May 2026. This 2003 building is well-maintained, fully-fenced, & just minutes from the vibrant hubs of Georgetown & SoDo. It comprises of 3 units, 7 beds & 3 baths across 2,760 SF making it perfect for owner-occupant living while generating significant rental income. Main building hosts 2 spacious, identical 3-bedroom light-filled flats, updated finishes, & plus charming 1-bed cottage (DADU). This property ensures peace of mind w/ newer systems, ample off-street parking, & extra upside via redevelopment. Don’t wait to secure this one!

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Home facts

  • Year built:2003
  • Listing ID #:2432505
  • Updated:February 23, 2026 at 09:04 AM

Rooms and interior

  • Living area:2,760 sq. ft.

Heating and cooling

  • Heating:Forced Air, Wall Unit(s)

Structure and exterior

  • Roof:Composition
  • Year built:2003
  • Building area:2,760 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$988,000
  • Price per sq. ft.:$357.97
  • Tax amount:$6,664 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of February 23, 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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