547 S Sullivan Street · Seattle, WA 98108
Source: NWMLS · Inspire Realty · Autumn Allen #NWM2584800
About this home
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
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 1 story
- Condition
- Very Good
- Year built
- 1905 (renovated 2022)
- Building area
- 1,250 sq ft
- Lot size
- 4,500 sq ft (0.1 acres)
- County
- King
- MLS #
- NWM2584800
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Vinyl, Vinyl Plank, Carpet
Exterior & lot
- Exterior features
- Cement Planked
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Lot features
- Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 4
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- South Park
- Property tax
- $4,728 (2025)
Transaction
- Listed on
- Sep 21, 2026
- Days on market
- 3
- Listing terms
- Cash, Conventional, FHA, State Bond, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2022-07-25
- Sold$625,000
- 2015-01-23
- Sold$157,500
- 2003-06-10
- Sold$147,975
Schools
School district: Seattle
- High
- Chief Sealth International High SchoolSchoolDigger 2 stars · Top 54% in WA
Listing provided courtesy of: Inspire Realty
Listing agent: Autumn Allen.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-22.