Exceptional investment or house-hacking opportunity featuring a 6.5% Cap Rate and strong immediate cash flow in an area already transformed. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped street, this unique property comprises two fully detached, well-maintained cottages with zero shared walls. The tenants love the privacy and have been there since 2022. The spacious 2-bedroom front unit and the 1-bedroom rear unit complete with a private double driveway and new security gate—generate a combined gross income of over $4000 per month. Boasting 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. Seller is executing 1031 exchange. Book tour today at this duplex today!
Active
Listed by: Inspire Realty • Autumn Allen
$625,000
547 S Sullivan Street, Seattle, WA 98108
3beds
2baths
1,250sqft
Duplex, Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$500/sqft
$-- HOA
What's special
Zero shared wallsPrivate double drivewayNew security gateUpdated paint
- --
- on Zillow
- 45
- views
- 0
- saves
Zillow last checked:
Listing updated:
Offers reviewed: Sep 28
Listed by:
Autumn Allen,
Inspire Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2584800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 4,499 Square Feet
- Features: Curbs, Dead End Street, Paved, Secluded, Sidewalk, Fenced-Fully, High Speed Internet
Details
- Parcel number: 7883600700
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Cement Planked, Cement Plank
- Roof: Composition
Condition
- Very Good
- Year built: 1905
- Major remodel year: 2022
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: South Park
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $435,000
- Annual tax amount: $4,728
- Offers reviewed: 09/28/2026
- Date on market: 9/21/2026
- Listing terms: Conventional,FHA,State Bond,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Listed for sale | $625,000$500/sqft |
Source:  NWMLS as distributed by MLS GRID #2584800 Report a problem | ||
| 7/25/2022 | Sold | $625,000+150%$500/sqft |
Source: NWMLS as distributed by MLS GRID #1976001 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/16/2017 | Listing removed | $1,200$1/sqft |
Source: Owner Report a problem | ||
| 10/26/2017 | Listed for rent | $1,200$1/sqft |
Source: Owner Report a problem | ||
| 3/8/2016 | Sold | $250,000+58.7%$200/sqft |
Source: Agent Provided Report a problem | ||
| 1/23/2015 | Sold | $157,500+250%$126/sqft |
Source: NWMLS as distributed by MLS GRID #726177 Report a problem | ||
| 12/24/2014 | Listed for sale | $45,000-85.3%$36/sqft |
Source: Miller Laine Properties #726177 Report a problem | ||
| 8/16/2010 | Sold | $305,726+11.4%$245/sqft |
Source: Public Record Report a problem | ||
| 11/16/2007 | Sold | $274,500+85.5%$220/sqft |
Source: NWMLS as distributed by MLS GRID #26114141 Report a problem | ||
| 6/10/2003 | Sold | $147,975+12.1%$118/sqft |
Source: NWMLS as distributed by MLS GRID #23052712 Report a problem | ||
| 4/6/2000 | Sold | $132,000+14.8%$106/sqft |
Source: Public Record Report a problem | ||
| 6/7/1999 | Sold | $115,000$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,038 +6.6% | $435,000 -0.9% |
| 2024 | $4,728 +13% | $439,000 +9.2% |
| 2023 | $4,183 +6% | $402,000 -5% |
| 2022 | $3,946 +10.2% | $423,000 +20.5% |
| 2021 | $3,583 +4.9% | $351,000 +10.7% |
| 2020 | $3,414 +3.7% | $317,000 +2.3% |
| 2019 | $3,292 +8.3% | $310,000 -2.8% |
| 2018 | $3,041 +5.8% | $319,000 +21.8% |
| 2017 | $2,874 +29% | $262,000 +12.9% |
| 2016 | $2,228 | $232,000 -1.3% |
| 2015 | $2,228 | $235,000 +11.4% |
| 2014 | $2,228 | $211,000 |
| 2013 | $2,228 | $211,000 |
| 2012 | -- | $211,000 +1.9% |
| 2011 | -- | $207,000 +1.5% |
| 2010 | -- | $204,000 |
| 2009 | -- | $204,000 +46.8% |
| 2007 | -- | $139,000 +9.4% |
| 2006 | -- | $127,000 +12.4% |
| 2005 | -- | $113,000 -3.4% |
| 2001 | $1,444 +9.5% | $117,000 +14.7% |
| 2000 | $1,320 | $102,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Park
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