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Listed price in listed location currency (USD).
$640,000

002

MLS® 2432506

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $4,728
Days Active 194
Lot Size 0.1033 acres
Approx. Age 1905
MLS® Number 2432506

Property Address: 547 S Sullivan Street, Seattle, WA, 98108

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number2432506
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1033
Exterior
GarageNo
Approx. Age1905
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 11, 2025List Date
$640,000List Price
  • Commute

Commute

Starting Address
Destination Address
547 S Sullivan Street, Seattle, WA

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