547 S Sullivan St

2
Baths
1,250 Sq. Ft.
$516 / Sq. Ft.
1,250
Sq. Ft.
$516
per Sq. Ft.

Description

REDUCED RATE as low as 4.99% (APR 5.431%) thru List & Lock Buyer Loan Program! Fully occupied, cash flowing property on a dead-end street that has been redeveloped for fresh neighborhood curb appeal! Longtime tenants love the extra privacy that the detached double cottage provides compared to a traditional shared-wall duplex. The front property is a large 2 bed 1 bath cottage with free parking, fresh paint, newer appliances, and a large living room. The back cottage is a unique 1 bed 1 bath layout...REDUCED RATE as low as 4.99% (APR 5.431%) thru List & Lock Buyer Loan Program! Fully occupied, cash flowing property on a dead-end street that has been redeveloped for fresh neighborhood curb appeal! Longtime tenants love the extra privacy that the detached double cottage provides compared to a traditional shared-wall duplex. The front property is a large 2 bed 1 bath cottage with free parking, fresh paint, newer appliances, and a large living room. The back cottage is a unique 1 bed 1 bath layout with a large central kitchen and living room, completely private free double driveway parking with a heavy duty rolling gate for a completely fenced property. Fantastic opportunity awaits the savvy investor or house hacker w/ this low-risk, income-producing asset. Established rental history and significant upside potential with the automatic 5% rent increase in May 2026 and last lot left to develop. The seller-paid rate buydown reduces the buyer's interest rate and monthly payment. Must use CMG home loans to take advantage of this excellent offer. Terms apply. Rate lock available with full price offer. Seller will be doing a 1031 to purchase a 8plex closer to his residence. Easy to show with 48 hour appt notice!
  1. Listed by Autumn Allen • Inspire Realty

Property Details for 547 South Sullivan Street

Community Name
South Park
School District
Seattle
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
0
Entry Date
09-11-2025
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 02/10/2026 08:43 AM

Property Details for 547 South Sullivan Street

StatusActive
MLS #2432506
Days on Market181
Cumulative Days on Market181
Taxes$4,728 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.10 AC / 4,500 SF
CountyKing County

Location

Listing Courtesy of Inspire Realty
Add your commute

Building Information for 547 South Sullivan Street

Stories1Residences2Year Built1905Building Size-Lot Size0.10 AC / 4,500 SF

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30 year fixed, 6.15% Interest

Principal and Interest

$3,144

Property Taxes

$394

HOA Dues

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Property Information for 547 South Sullivan Street

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Fully
  • Area: 140 - West Seattle
  • Effective Year Built Source: Public Records
  • Directions: Heading E on Cloverdale, then take a L of 5th Ave S, then R on S Sullivan St. Nice Private dead end street.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2457
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • MLS Square Footage Source: Public Record
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2022
  • Photos Count: 17
Lot Information
  • Lot Details: Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 7883600700
  • Building Condition: Very Good
  • Calculated Square Footage: 1250
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1250.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8449
  • Gross Adjusted Income: 45864
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $45,864
  • Insurance Expense: $1,264
  • Net Operating Income: $37,405
  • Other Expenses: $0
  • Total Monthly Income: 3822
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 547
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 670
  • Rent Unit 1: $2,147.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 549
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 580
  • Rent Unit 2: $1,675.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1250.0

Property History for 547 South Sullivan Street

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Price Change

NWMLS #2432506

$645,000—
Jan 5, 2026

Price Change

NWMLS #2432506

$634,000—
Dec 17, 2025

Price Change

NWMLS #2432506

$639,000—
Nov 6, 2025

Price Change

NWMLS #2432506

$645,000—
Oct 24, 2025

Price Change

NWMLS #2432506

$675,000—
Sep 11, 2025

Listed (Active)

NWMLS #2432506

$685,000—
Jul 25, 2022

Sold

NWMLS #1976001

$625,000—
Jul 25, 2022

Listed (Active)

NWMLS #1976001

$625,000—
Jul 19, 2022

Sold (Public Record)

Public Record #1494194168

$637,500

+15.8% / yr

Mar 2, 2016

Sold (Public Record)

Public Record #566523961

$250,000

+51.7% / yr

Jan 23, 2015

Sold

NWMLS #726177

$157,500—
Jan 22, 2015

Sold (Public Record)

Public Record #486561591

$157,500

-7.4% / yr

Jan 9, 2015

Pending

NWMLS #726177

—
Dec 23, 2014

Listed (Active)

NWMLS #726177

$45,000—
Nov 16, 2007

Sold

NWMLS #26114141

$274,500—
Nov 7, 2007

Sold (Public Record)

Public Record #229047638

$274,500

+15.0% / yr

Jul 16, 2007

Pending

NWMLS #26114141

—
Jul 12, 2006

Listed (Active)

NWMLS #26114141

$274,500—
Jun 11, 2003

Sold (Public Record)

Public Record #114135030

$147,980—
Jun 10, 2003

Sold

NWMLS #23052712

$147,975—
Apr 20, 2003

Pending

NWMLS #23052712

—
Apr 17, 2003

Listed (Active)

NWMLS #23052712

$149,975—
DateEvent & SourcePrice
02/09/2026

Price Change

NWMLS #2432506

$645,000
01/05/2026

Price Change

NWMLS #2432506

$634,000
12/17/2025

Price Change

NWMLS #2432506

$639,000
11/06/2025

Price Change

NWMLS #2432506

$645,000
10/24/2025

Price Change

NWMLS #2432506

$675,000
09/11/2025

Listed (Active)

NWMLS #2432506

$685,000
07/25/2022

Sold

NWMLS #1976001

$625,000
07/25/2022

Listed (Active)

NWMLS #1976001

$625,000
07/19/2022

Sold (Public Record)

Public Record #1494194168

$637,500

+15.8% / yr

03/02/2016

Sold (Public Record)

Public Record #566523961

$250,000

+51.7% / yr

01/23/2015

Sold

NWMLS #726177

$157,500
01/22/2015

Sold (Public Record)

Public Record #486561591

$157,500

-7.4% / yr

01/09/2015

Pending

NWMLS #726177

—
12/23/2014

Listed (Active)

NWMLS #726177

$45,000
11/16/2007

Sold

NWMLS #26114141

$274,500
11/07/2007

Sold (Public Record)

Public Record #229047638

$274,500

+15.0% / yr

07/16/2007

Pending

NWMLS #26114141

—
07/12/2006

Listed (Active)

NWMLS #26114141

$274,500
06/11/2003

Sold (Public Record)

Public Record #114135030

$147,980
06/10/2003

Sold

NWMLS #23052712

$147,975
04/20/2003

Pending

NWMLS #23052712

—
04/17/2003

Listed (Active)

NWMLS #23052712

$149,975

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 547 South Sullivan Street

Taxable ValueLand$415,000Additions$24,000Total$439,000
Tax Record2024$4,728 ($394 / month)
Home Facts
Beds2Baths2Total Finished SqFt670 SqFtAbove Ground SqFt670 SqFtStories1Lot Size4,500 SqFtStyleSingle Family ResidenceYear Built1905ZoningLR3 (M)CountyKINGAPN788360-0700

Schools near 547 South Sullivan Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Concord Elementary School
PublicPK to 5

Denny Middle School
Public6 to 8

Chief Sealth High School
Public9 to 12

Cleveland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

547 South Sullivan Street is a multi-family home for sale in Seattle, WA 98108. This property was listed for sale on September 11, 2025 by Inspire Realty, it's currently listed at $645,000. It has been on the market for a total of 181 days and was last sold on July 25, 2022. This listing's school district is Seattle Public Schools. Nearby schools include Concord Elementary School, Denny Middle School and Chief Sealth High School. 547 South Sullivan Street is a 3-bed, 2-bath, 1,250 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Inspire Realty

Based on information submitted to the MLS GRID as of 02/10/2026 08:43 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.