551 S Sullivan Street Seattle WA 98108 MLS #NWM2432505
Listing Provided Courtesy of Inspire Realty / COMPASSNew 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 Mar 10, 2026
152
Multi Family Listed
100
Avg DOM
443
Avg $ / SqFt
$2,247,743
Avg List Price
Property Details
Price:
$988,000
MLS #:
NWM2432505
Status:
Closed (Feb 20, 2026)
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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Courtesy of Inspire Realty. Disclaimer: Based on information submitted to the MLS GRID as of Mar-10-2026 7:55:26 am. 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.Copyright 2026. All rights reserved.
551 S Sullivan Street
Seattle, WA