551 S Sullivan Street Seattle WA 98108 MLS #NWM2432505
Listing Provided Courtesy of Inspire RealtyNew Price, $10,000 Buyer Bonus, Motivated Seller! Step into an exceptional income-producing property that blends comfortable living w/ cash flow. Current annual income is over $86,000 w/planned rent increase May 2026. This 2003 building is well-maintained, fully-fenced, & just minutes from the vibrant hubs of Georgetown & SoDo. It comprises of 3 units, 7 beds & 3 baths across 2,760 SF making it perfect for owner-occupant living while generating significant rental income. Main building hosts 2 spacious, identical 3-bedroom light-filled flats, updated finishes, & plus charming 1-bed cottage (DADU). This property ensures peace of mind w/ newer systems, ample off-street parking, & extra upside via redevelopment. Don’t wait to secure this one!
Current real estate data for Multi Family in Seattle as of Feb 13, 2026
149
Multi Family Listed
106
Avg DOM
449
Avg $ / SqFt
$2,213,406
Avg List Price
Property Details
Price:
$988,000
MLS #:
NWM2432505
Status:
Pending
Beds:
7
Baths:
3
Type:
Multi Family
Subdivision:
South Park
Neighborhood:
140westseattle
Listed Date:
Sep 11, 2025
Finished Sq Ft:
2,760
Total Sq Ft:
2,760
Lot Size:
4,500 sqft / 0.10 acres (approx)
Year Built:
2003
Units:
3
Schools
School District:
Seattle
Interior
Cooling
None
Flooring
Ceramic Tile, Vinyl, Vinyl Plank, Carpet
Heating
Forced Air, Wall Unit(s)
Exterior
Construction Materials
Cement Plank
Exterior Features
Cement Planked
Parking Spots
3
Roof
Composition
Security Features
Partially Fenced
Financial
Tax Year
2025
Taxes
$6,664
Map
Contact Us
Mortgage Calculator
Community
- Address551 S Sullivan Street Seattle WA
- SubdivisionSouth Park
- CitySeattle
- CountyKing
- Zip Code98108
Property Summary
- Located in the South Park subdivision, 551 S Sullivan Street Seattle WA is a Multi Family for sale in Seattle, WA, 98108. It is listed for $988,000 To schedule a showing of MLS#nwm2432505 at 551 S Sullivan Street in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.
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Listing courtesy of Inspire RealtyThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID. NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Feb-12-2026 8:39:49 pm. © 2026 NWMLS.
551 S Sullivan Street
Seattle, WA