Classic craftsman meets 4 plex and a 3 car garage! Income property or redevelopment property....you choose. 4 units of 500 sq ft . 1 bed 1bath. Zoned RSL(M) Turn-Key Investment with Excellent Cash Flow. 2 units STR and 2 LTR. This historic 1901 Craftsman offers a rare, turn-key opportunity for savvy investors in the heart of Seattle’s South Park neighborhood. Well maintained and boasting a strong tenant history, this property is designed for immediate cash flow and long-term value. : Approximately 2,600 sq. ft. of interior space across a well-designed 4-unit layout. Craftsman charm with convenient location, featuring wood exterior finishes and a durable composition roof. Ample Parking: Rare for the area, this property includes 6 total parking spaces (3 covered and 3 uncovered). Currently cash-flowing with an excellent track record of high occupancy. Corner Lot Appeal: The property sits on a 6,000 sq. ft. corner lot with alley access, offering extra privacy.
Active
Listed by: Lake & Company
$900,000
1056 S Sullivan Street, Seattle, WA 98108
4beds
4baths
2,040sqft
Quadruplex
Built in 1901
-- sqft lot
$875,700 Zestimate®
$441/sqft
$-- HOA
What's special
Ample parkingClassic craftsmanExtra privacyWood exterior finishesDurable composition roof
- 45 days |
- 108 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Shannon Honingford,
Lake & Company
Source: NWMLS as distributed by MLS GRID,MLS#: 2524678
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Stove/Free Standing, Electric, Oil
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 3
- Uncovered spaces: 3
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,998 Square Feet
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Gas Available, High Speed Internet
Details
- Parcel number: 7883606735
- Zoning description: See Remarks,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1901
- Major remodel year: 1986
Utilities & green energy
- Electric: Company: Seattle City light
- Sewer: Available, Company: City of Seattle
- Water: Company: City of Seattle
Community & HOA
Community
- Subdivision: South Park
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $657,000
- Annual tax amount: $7,215
- Date on market: 5/15/2026
- Cumulative days on market: 46 days
- Listing terms: Conventional
Estimated market value
$875,700
$832,000 - $919,000
$2,482/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listed for sale | $900,000+18.4%$441/sqft |
Source:  NWMLS as distributed by MLS GRID #2524678 Report a problem | ||
| 11/17/2020 | Listing removed | $760,000$373/sqft |
Source: Windermere Real Estate Co. #1622839 Report a problem | ||
| 7/12/2020 | Listed for sale | $760,000+237.8%$373/sqft |
Source: Windermere Real Estate Co. #1622839 Report a problem | ||
| 8/17/2011 | Sold | $225,000-19.6%$110/sqft |
Source: NWMLS as distributed by MLS GRID #193977 Report a problem | ||
| 4/22/2005 | Sold | $280,000+190.2%$137/sqft |
Source: NWMLS as distributed by MLS GRID #25039624 Report a problem | ||
| 10/23/1997 | Sold | $96,500$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,686 +6.5% | $657,000 -0.9% |
| 2024 | $7,215 -3.8% | $663,000 -7.3% |
| 2023 | $7,499 +11.8% | $715,000 +1.1% |
| 2022 | $6,706 +1% | $707,000 +8.9% |
| 2021 | $6,643 +11.4% | $649,000 +18.2% |
| 2020 | $5,964 +10.5% | $549,000 +10% |
| 2019 | $5,399 +31.8% | $499,000 +22.9% |
| 2018 | $4,098 -6.4% | $406,000 +5.2% |
| 2017 | $4,379 +59.8% | $386,000 +10% |
| 2016 | $2,740 | $351,000 +31.5% |
| 2015 | $2,740 | $267,000 +5.5% |
| 2014 | $2,740 | $253,000 -2.3% |
| 2013 | $2,740 | $259,000 -1.5% |
| 2012 | -- | $263,000 +9.1% |
| 2011 | -- | $241,000 -9.4% |
| 2010 | -- | $266,000 |
| 2009 | -- | $266,000 +4.7% |
| 2007 | -- | $254,000 +71.6% |
| 2006 | -- | $148,000 -5.1% |
| 2005 | -- | $156,000 +28.9% |
| 2001 | $1,500 +16.4% | $121,000 +22.3% |
| 2000 | $1,289 | $98,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: South Park
Nearby schools
GreatSchools rating
- 3/10Concord Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10Denny Middle SchoolGrades: 6-8Distance: 2.2 mi
- 3/10Chief Sealth High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Concord
- Middle: Denny Mid
- High: Cleveland High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Seattle
- 98108
- South Park
- 1056 S Sullivan Street
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