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Listed by:Inspire Realty • Autumn Allen

$638,000

Est. payment - /mo

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3 Beds

2 Baths

1,250 SqFt

Active

547 S Sullivan ST Seattle, WA 98108

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $510

Subdivision South Park

MLS Listing ID 2432506

Style 52 - Duplex

Bedrooms 3

Year Built 1905

Annual Tax Amount $4,728

Lot Size 4,500 Sqft

Property Sub-Type Multi Family

Property Description

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!

Location

State WA

County King

Area 140 - West Seattle

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Fenced-Fully

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Public Services & Government

Education

Pets

Phorale

8909 14TH Ave S., Seattle, WA 98108

Mexican
Mi Fondita del Itsmo

8525 14th Ave S, Seattle, WA 98108

Mexican Phone: 206-747-3681
Napoli Pizzeria

8600 14th Ave S, Seattle, WA 98108

Pizza Phone: 206-768-9615
Tastys T & M’s

8605 14th Ave S, Seattle, WA 98108

Breakfast & Brunch Phone: 206-451-3493
Alpha Dog Hot Dogs

1414 S Director St, Seattle, WA 98108

Hot Dogs Phone: 206-595-6132
Subway

8819 14th Ave S, Seattle, WA 98108

Fast Food Phone: 206-762-3300
Pretzel Logic

7701 5th Ave S, Seattle, WA 98108

Delis Phone: 206-767-7359
Via Vadi Caffe

8600 14th Ave S, Seattle, WA 98108

Cafes Phone: 206-762-7519
Marination Mobile

700 5th Ave S, Seattle, WA 98108

Food Trucks
Jugos Y Tortas South Park

8525 14th Ave S, Seattle, WA 98108

Juice Bars & Smoothies Phone: 206-763-2705
Jalisco Restaurant

8517 14th Ave S, Seattle, WA 98108

Mexican Phone: 206-767-1943
Sun Spot Mini Donuts

1408 S Cloverdale St, Seattle, WA 98108

Donuts Phone: 206-588-6785
Breaktime Deli and Cafe

309 S Cloverdale St, Seattle, WA 98108

Delis Phone: 206-764-5068
Sabor A Mi

8709 14th Ave S, Seattle, WA 98108

Mexican Phone: 206-764-9379
Loretta’s Northwesterner

8617 14th Ave S, Seattle, WA 98108

American (New) Phone: 206-327-9649
Juan Colorado

8709 14th Ave S, Seattle, WA 98108

Mexican Phone: 206-764-9379
Muy Macho Taqueria

8515 14th Ave S, Seattle, WA 98108

Mexican Phone: 206-763-3484

Educational Environment

Elementary Schools (1)

Name

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