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Listed by:Inspire Realty • Autumn Allen

$625,000

Est. payment - /mo

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3 Beds

2 Baths

1,250 SqFt

New

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 $500

Subdivision South Park

MLS Listing ID 2584800

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

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!

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, High Speed Internet

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, FHA, State Bond, VA Loan

Listing Terms Cash, Conventional, FHA, State Bond, VA Loan

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

Mortgage Calculator

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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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