547 S Sullivan Street Seattle WA 98108 MLS #NWM2432506

MLS #NWM2432506 image #0
Listing Provided Courtesy of Inspire Realty
REDUCED RATE as low as 4.99% (APR 5.431%) thru List & Lock Buyer Loan Program! Fully occupied, cash flowing property on a dead-end street that has been redeveloped for fresh neighborhood curb appeal! Longtime tenants love the extra privacy that the detached double cottage provides compared to a traditional shared-wall duplex. The front property is a large 2 bed 1 bath cottage with free parking, fresh paint, newer appliances, and a large living room. The back cottage is a unique 1 bed 1 bath layout with a large central kitchen and living room, completely private free double driveway parking with a heavy duty rolling gate for a completely fenced property. Fantastic opportunity awaits the savvy investor or house hacker w/ this low-risk, income-producing asset. Established rental history and significant upside potential with the automatic 5% rent increase in May 2026 and last lot left to develop. The seller-paid rate buydown reduces the buyer’s interest rate and monthly payment. Must use CMG home loans to take advantage of this excellent offer. Terms apply. Rate lock available with full price offer. Seller will be doing a 1031 to purchase a 8plex closer to his residence. Easy to show with 48 hour appt notice!
Current real estate data for Multi Family in Seattle as of Feb 13, 2026
149
Multi Family Listed
107
Avg DOM
449
Avg $ / SqFt
$2,213,406
Avg List Price

Property Details

Price:
$645,000
MLS #:
NWM2432506
Status:
Active
Beds:
3
Baths:
2
Type:
Multi Family
Subdivision:
South Park
Neighborhood:
140westseattle
Listed Date:
Sep 11, 2025
Finished Sq Ft:
1,250
Total Sq Ft:
1,250
Lot Size:
4,500 sqft / 0.10 acres (approx)
Year Built:
1905
Units:
2
Secluded140 – West Seattle140westseattleSouth ParkSeattleTerritorial

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Wall Unit(s)

Exterior

Construction Materials
Cement Plank
Exterior Features
Cement Planked
Parking Spots
2
Roof
Composition
Security Features
Fully Fenced

Financial

Net Operating Income
$37,405
Tax Year
2025
Taxes
$4,728

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Property Summary

    Located in the South Park subdivision, 547 S Sullivan Street Seattle WA is a Multi Family for sale in Seattle, WA, 98108. It is listed for $645,000 To schedule a showing of MLS#nwm2432506 at 547 S Sullivan Street in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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