PROPERTIES FOR SALE

547 S Sullivan Street Seattle, WA 98108

NWMLS Courtesy of Inspire Realty
547 S Sullivan Street
Seattle, WA 98108
$640,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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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!

Property Features

Community: South Park
Duplex
View: Territorial
Fenced-Fully
Exterior: Cement Planked
Roof: Composition
Year Built: 1905
2025 Taxes: $4728.00
Buyer Broker Comp.: 2%
Listing #: 2432506

Lot Details

Lot Size: 0.10 acres
Alley
Curbs
Dead End Street
Paved
Secluded
Sidewalk
No. of Units: 2

Interior

Cooling: None
Heating: Wall Furnace
Electric
Natural Gas

Schools

District: Seattle
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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