547 S Sullivan Street, Seattle, WA 98108
- $599,580
- 1,250
- SqFt
Listing Broker: Inspire Realty; Autumn Allen; 206-604-3160; autumn@luxsolarisrealty.com
- List Price
- $599,580
- Status
- ACTIVE
- MLS#
- 2584800
- Price Change
- ▼ $25,420 1790997315
- Days on Market
- 11
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,250
- Area Total SqFt
- 1250
- Annual Tax Ammount
- 4728
- Lot Size (sq ft)
- 4,500
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-10-06
Property Description
New Price! Best priced duplex within 5 miles grossing over $4000 in monthly revenue with loyal happy tenants. Enjoy owning this income-producing low-maintenance asset or house-hack your way to financial freedom by living in one of the cottages. South Park has massively transformed with attractive townhomes surrounding and walkable amazing coffee shops like Little Jaye and local eateries. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped street, this unique property boast two independent cottages with ZERO shared walls and separate meters making utilities a breeze. The tenants love the privacy and have been there since 2022. The spacious front cottage features an open 2 Bed 1 Bath + Living Room plus free easy parking front and the rear 1-bedroom rear unit is complete with a private double driveway facing gorgeous townhomes and new driveway rolling gate. With 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. Back Rear Cottage has brand new Washer & Dryer. Seller is executing 1031 exchange. Schedule your tour today!
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Additional Information
- List Date
- 2026-09-21 22:13:12
- Community
- South Park
- Net Operating Income
- $39,695
- Gross Adjusted Income
- $48,144
- Gross Scheduled Income
- $48,144
- Total Monthly Income
- $3,822
- Insurance Expenses
- $1,264
- Water/Sewer/Garbage Expenses
- $2,457
- Gross Rent Multiplier
- 13.18
- Total Expenses
- $8,449
- Cap Rate
- 6.25
- Total Number of Units
- 2
- Unit Name
- 547
- Potential Terms
- Cash, Conventional, FHA, State Bond, VA Loan
- Year Built
- 1905
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $3,822
- Gross Scheduled Income
- $48,144
- Gross Adjusted Income
- $48,144
- Tax Year
- 2025
- Insurance Expense
- $1,264
- W/S/G Expenses
- $2,457
- Total Expenses
- $8,449
- Net Operating Income
- $39,695
- Gross Rent Multiplier
- 13.18
- Cap Rate
- 6.25
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.