WA > Seattle > South Park
Seattle, WA 98108,551 S Sullivan ST
Seattle, WA 98108,551 S Sullivan ST
Seattle, WA 98108,551 S Sullivan ST
Seattle, WA 98108,551 S Sullivan ST
Seattle, WA 98108,551 S Sullivan ST
Seattle, WA 98108,551 S Sullivan ST
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Don & Susie Karstedt

Don & Susie Karstedt

+1(253) 987-6789
Listed by Inspire Realty Autumn Allen 
$ 998,900
Est. payment | /mo

7 Beds

3 Baths

2,760 SqFt

Save
$ 998,900
Est. payment | /mo
Save

7 Beds

3 Baths

2,760 SqFt

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Don & Susie Karstedt

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(253) 987-6789

findus@rethinkingre.com

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551 S Sullivan ST