551 S Sullivan ST Active Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98108
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $361
Subdivision South Park
MLS Listing ID 2432505
Style 53 - Tri-plex
Bedrooms 7
Year Built 2003
Annual Tax Amount $7,477
Lot Size 4,500 Sqft
Property Sub-Type Multi Family
Property Description
New Price, $10000 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!
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Ceramic Tile,Vinyl,Vinyl Plank,Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
Amenities Available Fenced-Partially,High Speed Internet
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Adjacent to Public Land,Alley,Corner Lot,Curbs,Dead End Street,Paved,Secluded,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out,Conventional,FHA,VA Loan
Listing Terms Cash Out,Conventional,FHA,VA Loan