$625,000
547 Sullivan Street
Seattle, WA 98108
Beds
—
Baths
—
Sq Ft
—
Lot
0.10 ac
Year built
1905
Type
Residential Income
Days listed
1
MLS #
2584800
About this home
Exceptional 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. Book tour today at this duplex today!
Exterior features
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
$3,554/mo
- Principal & interest
- $3,160
- Property taxes
- $394
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.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.