Skip To Content

551 S Sullivan Street

Seattle, WA 98108
  • $998,900
  • STATUS: Active
  • MLS #: 2432505
Price Reduced
UPDATED: 47 min ago
$998,900
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,760
    SQFT
  • $362
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2003
County:
Area:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Inspire Realty.
Mortgage Calculator is provided by BoomTown.

Description

New Price, $10000 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!

Monthly Payment Calculator



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-12T14:15:42.21. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-12T14:15:42.21. 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.
www.communityrealestategroup.com/homes/167841056
Print Image

551 S Sullivan Street Seattle, WA 98108

  • Price: $998,900
  • Status: Active
  • On Site: Days
  • Updated: 47 min ago
  • MLS #: 2432505
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2,760
SQFT
$362
$/SQFT
2003
Built
Neighborhood:
South Park
County:
King
Area:
West Seattle
School District:
Seattle
Property Description
New Price, $10000 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!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement Planked Lot Features Adjacent to Public LandAlleyCorner LotCurbsDead End StreetPavedSecludedSidewalk Open Parking Spaces 3 Open Parking YN Yes Parking Total 3 Parking Uncovered Spaces 3 Roof Composition Structure Type Triplex Style Code 53 - Tri-plex View Territorial View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 2760 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Ceramic TileVinylVinyl PlankCarpet Heating Forced AirWall Unit(s) Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source ElectricNatural Gas FIRPTAYN No Irrigation Water Rights YN No Listing Terms Cash OutConventionalFHAVA Loan Net Operating Income 70775 New Construction YN No Possession Closing Power Production Type ElectricNatural Gas Property Condition Updated/Remodeled Property Sub Type Multi Family Security Features Partially Fenced Senior Community YN No Sewer Sewer Connected Site Features Fenced-PartiallyHigh Speed Internet Special Listing Conditions None Tax Annual Amount 7477 Tax Year 2025 Units In Building Total 3 Water Source Public Year Built Effective 2022 Zoning Jurisdiction City



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-12T14:15:42.21. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-12T14:15:42.21. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2432505-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2432505-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2432505-1.jpg
Logo
Keller Williams Spokane
6515 W Clearwater, Ste 224
Kennewick WA, 99336
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Inspire Realty.
Mortgage Calculator is provided by BoomTown.