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 • Shannon Honingford
$900,000
1056 S Sullivan Street, Seattle, WA 98108
4beds
4baths
2,040sqft
:
Get pre-qualified$5,533/mo
Quadruplex, Multi Family
Built in 1901
-- sqft lot
$877,300 Zestimate®
$441/sqft
$-- HOA
What's special
Ample parkingClassic craftsmanExtra privacyWood exterior finishesDurable composition roof
- 90 days |
- 84 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Shannon Honingford,
Lake & Company
Source: NWMLS as distributed by MLS GRID,MLS#: 2524678
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, Multi Family
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: 5/14/2026
- Cumulative days on market: 92 days
- Listing terms: Conventional
Estimated market value
$877,300
$833,000 - $921,000
$2,363/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
Payment breakdown
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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.
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