All homes

$599,580

Reduced $25,420 — was $625,000

547 Sullivan Street

Seattle, WA 98108

Active
Territorial view

Beds

—

Baths

—

Sq Ft

—

Lot

0.10 ac

Year built

1905

Type

Residential Income

Days listed

15

MLS #

2584800

About this home

New Price! Best priced duplex within 5 miles grossing over $4000 in monthly revenue with loyal happy tenants. Enjoy owning this income-producing low-maintenance asset or house-hack your way to financial freedom by living in one of the cottages. South Park has massively transformed with attractive townhomes surrounding and walkable amazing coffee shops like Little Jaye and local eateries. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped street, this unique property boast two independent cottages with ZERO shared walls and separate meters making utilities a breeze. The tenants love the privacy and have been there since 2022. The spacious front cottage features an open 2 Bed 1 Bath + Living Room plus free easy parking front and the rear 1-bedroom rear unit is complete with a private double driveway facing gorgeous townhomes and new driveway rolling gate. With 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. Back Rear Cottage has brand new Washer & Dryer. Seller is executing 1031 exchange. Schedule your tour today!

Exterior features

Cement Planked

Property details

Heating
Wall Furnace
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
View
Territorial
Lot
Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$4,728 (2025)

Estimate your monthly payment

$3,426/mo

Principal & interest
$3,032
Property taxes
$394
Loan amount $479,664

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98108

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Inspire Realty— Autumn Allen.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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