New Price, $10,000 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!
Sold
Listed by: Inspire Realty
Bought with: COMPASS
$985,000
551 S Sullivan Street, Seattle, WA 98108
7beds
3baths
2,760sqft
Multi Family
Built in 2003
-- sqft lot
$974,900 Zestimate®
$357/sqft
$2,671 Estimated rent
Home value
$974,900
$897,000 - $1.05M
$2,671/mo
Zestimate® history
Owner options
List your home for rent
$2,671/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,671/mo
Rent Zestimate®
Refinance and save
$5,772/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$5,772/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Updated finishes
Zillow last checked:
Listing updated:
Listed by:
Autumn Allen,
Inspire Realty
Bought with:
Robert Kurka, 21032763
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2432505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Forced Air, Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
Property
Parking
- Total spaces: 3
- Parking features: Open
- Uncovered spaces: 3
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 4,499 sqft
- Features: Adjacent to Public Land, Corner Lot, Curbs, Dead End Street, Paved, Secluded, Sidewalk, Fenced-Partially, High Speed Internet
Details
- Parcel number: 7883600710
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Planked, Cement Plank
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 2003
- Major remodel year: 2022
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Seattle
- Subdivision: South Park
Other
Other facts
- Listing terms: Conventional,FHA,VA Loan
- Cumulative days on market: 124 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Sold | $985,000-0.3%$357/sqft |
Source:  NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 1/9/2026 | Pending sale | $988,000$358/sqft |
Source: NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 12/17/2025 | Price change | $988,000-1.1%$358/sqft |
Source: NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 11/6/2025 | Price change | $998,900-8.4%$362/sqft |
Source: NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 10/24/2025 | Price change | $1,090,000-0.9%$395/sqft |
Source: NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 9/11/2025 | Listed for sale | $1,100,000+12.8%$399/sqft |
Source: NWMLS as distributed by MLS GRID #2432505 Report a problem | ||
| 6/30/2022 | Sold | $975,000$353/sqft |
Source: NWMLS as distributed by MLS GRID #1938040 Report a problem | ||
| 5/24/2022 | Pending sale | $975,000$353/sqft |
Source: NWMLS as distributed by MLS GRID #1938040 Report a problem | ||
| 5/20/2022 | Listed for sale | $975,000+476.9%$353/sqft |
Source: NWMLS as distributed by MLS GRID #1938040 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/25/2017 | Listing removed | $1,475$1/sqft |
Source: Owner Report a problem | ||
| 7/14/2017 | Listed for rent | $1,475-18.1%$1/sqft |
Source: Owner Report a problem | ||
| 6/3/2017 | Listing removed | $1,800$1/sqft |
Source: Owner Report a problem | ||
| 5/2/2017 | Listed for rent | $1,800$1/sqft |
Source: Owner Report a problem | ||
| 11/4/2011 | Sold | $169,000-36.2%$61/sqft |
Source: Public Record Report a problem | ||
| 1/19/2011 | Listing removed | $264,900$96/sqft |
Source: Warring Properties #131238 Report a problem | ||
| 11/21/2010 | Listed for sale | $264,900+3.9%$96/sqft |
Source: Warring Properties #131238 Report a problem | ||
| 8/6/2010 | Sold | $255,000-8.9%$92/sqft |
Source: Public Record Report a problem | ||
| 7/17/2010 | Price change | $279,950-6.7%$101/sqft |
Source: Skyline Properties, Inc. - Seattle/Northgate #25547 Report a problem | ||
| 6/13/2010 | Price change | $299,950-14.1%$109/sqft |
Source: Skyline Properties, Inc. - Seattle/Northgate #25547 Report a problem | ||
| 2/20/2010 | Price change | $349,000-23.3%$126/sqft |
Source: Skyline Properties, Inc. - Seattle/Northgate #25547 Report a problem | ||
| 6/26/2009 | Listed for sale | $455,000+14.5%$165/sqft |
Source: Skyline Properties, Inc. - Seattle/Northgate #29090814 Report a problem | ||
| 7/31/2006 | Sold | $397,500+2.7%$144/sqft |
Source: NWMLS as distributed by MLS GRID #26039934 Report a problem | ||
| 4/21/2005 | Sold | $387,000+33.5%$140/sqft |
Source: Public Record Report a problem | ||
| 5/27/2003 | Sold | $289,900+54.2%$105/sqft |
Source: Public Record Report a problem | ||
| 1/18/2000 | Sold | $188,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,981 +6.7% | $732,000 -0.8% |
| 2024 | $7,478 +12.4% | $738,000 +9.3% |
| 2023 | $6,654 +6.2% | $675,000 -4.8% |
| 2022 | $6,268 +16.6% | $709,000 +28% |
| 2021 | $5,375 +5.2% | $554,000 +11% |
| 2020 | $5,109 +3.5% | $499,000 +2.3% |
| 2019 | $4,935 +8.3% | $488,000 -2.8% |
| 2018 | $4,557 +5.8% | $502,000 +21.8% |
| 2017 | $4,308 +48.8% | $412,000 +12.9% |
| 2016 | $2,895 | $365,000 +9.6% |
| 2015 | $2,895 | $333,000 +17.7% |
| 2014 | $2,895 | $283,000 +22% |
| 2013 | $2,895 | $232,000 -10.8% |
| 2012 | -- | $260,000 -8.8% |
| 2011 | -- | $285,000 -5.9% |
| 2010 | -- | $303,000 |
| 2009 | -- | $303,000 -8.5% |
| 2007 | -- | $331,000 +6.8% |
| 2006 | -- | $310,000 +10.3% |
| 2005 | -- | $281,000 +73.5% |
| 2001 | $1,960 +9.2% | $162,000 +14.9% |
| 2000 | $1,794 | $141,000 |
Find assessor info on the county website
Neighborhood: South Park
Nearby schools
GreatSchools rating
- 3/10Concord Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Denny Middle SchoolGrades: 6-8Distance: 1.9 mi
- 3/10Chief Sealth High SchoolGrades: 9-12Distance: 1.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$974,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$974,900
- Washington
- King County
- Seattle
- 98108
- South Park
- 551 S Sullivan Street
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Seattle Topics
