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 • Autumn Allen
Bought with: COMPASS
$985,000
551 S Sullivan Street, Seattle, WA 98108
7beds
3baths
2,760sqft
Triplex, Multi Family
Built in 2003
-- sqft lot
$968,500 Zestimate®
$357/sqft
$2,892 Estimated rent
Home value
$968,500
$891,000 - $1.05M
$2,892/mo
Zestimate® history
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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 Square Feet
- 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
- Architectural style: Tri-plex
- Property subtype: Triplex, 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 & HOA
Community
- Subdivision: South Park
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $732,000
- Annual tax amount: $6,664
- Date on market: 11/23/2025
- Cumulative days on market: 241 days
- Listing terms: Conventional,FHA,VA Loan
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
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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
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Estimated market value
$968,500
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Estimated market value
$968,500
- Washington
- King County
- Seattle
- 98108
- South Park
- 551 S Sullivan Street
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