Sold
Last Sold Price
7 beds3 baths2,760 sqft
551 S Sullivan St, Seattle, WA 98108
Multi FamilyProperty Type
0.10 acresLot Size
2003Year Built
$357/sq ftPrice per sq ft
3 carsParking Spaces

Description

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,...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!
  • Listed by: Autumn Allen 253.365.1778 autumn@luxsolarisrealty.com • Inspire Realty
Listing closed: 02/20/2026 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2432505

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Recent comparable sales

Median sold price

$849,000

Avg days on market

32

Sale-to-list ratio

100.4%

Seattle, WA

9 comparable properties found

$708,000 | 527 South Sullivan Street, Seattle, WA 98108
1/18
1

$708,000

Sold 08/07/26

7
Bedrooms
3
Bathrooms
2,760
Square Feet
0.14
Acres
2

$917,000

Sold 12/10/25

Unavailable
Bedrooms
3
Bathrooms
2,724
Square Feet
0.24
Acres
$1,050,000 | 3716 South Oregon Street, Seattle, WA 98118
1/23
3

$1,050,000

Sold 01/06/25

6
Bedrooms
3
Bathrooms
2,650
Square Feet
0.15
Acres
an aerial view of a house with garden space and sitting area
1/2
4

$652,000

Sold 10/15/24

7
Bedrooms
2,660
Square Feet
0.26
Acres
a front view of a house with trees
1/24
5

$849,000

Sold 02/20/26

6
Bedrooms
4
Bathrooms
2,710
Square Feet
0.16
Acres
$950,000 | 3317 Claremont Avenue South, Seattle, WA 98144
1/25
6

$950,000

Sold 08/11/26

7
Bedrooms
4
Bathrooms
3,180
Square Feet
0.10
Acres
a house with a yard and garage
1/40
7

$965,000

Sold 06/17/26

6
Bedrooms
2,620
Square Feet
0.24
Acres
a view of a house with large windows and a small yard
1/17
8

$820,000

Sold 06/26/26

6
Bedrooms
4
Bathrooms
2,520
Square Feet
0.14
Acres
a balcony with tall trees in front of it
1/2
9

$715,000

Sold 03/10/26

7
Bedrooms
2,660
Square Feet
0.13
Acres

Location

Listing Courtesy of Inspire Realty

Sold By COMPASS

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Property Information for 551 South Sullivan Street

Property Details
  • Taxes: $6,664 / year
  • MLS Type: Residential Income
  • County: King County
  • Community Name: South Park
  • School District: Seattle
  • View: Territorial
  • Number of Assigned Spaces: 3
  • Total Covered Parking: 0
  • Entry Date: 09-11-2025
  • Energy Source: Electric,Natural Gas
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 2003
  • Lot Size: 0.10 AC / 4,500 SF
Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Fenced-Partially, High Speed Internet
  • 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: 3.0
  • 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: Ceramic Tile, Vinyl, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7195
  • 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: 24
Lot Information
  • Lot Details: Adjacent to Public Land, Alley, Corner Lot, Curbs, Dead End Street, Paved, Secluded, Sidewalk
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 7883600710
  • Building Condition: Remodeled
  • Calculated Square Footage: 2760
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2760.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 16240
  • Gross Adjusted Income: 94428
  • Gross Rent Multiplier: 10.43
  • Gross Scheduled Income: $94,428
  • Insurance Expense: $2,381
  • Net Operating Income: $78,188
  • Other Expenses: $0
  • Total Monthly Income: 7869
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1200
  • Rent Unit 1: $3,087.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1200
  • Rent Unit 2: $3,087.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 360
  • Rent Unit 3: $1,695.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2760.0

Property History for 551 South Sullivan Street

DateEvent & SourcePriceAppreciation
Feb 20, 2026

Sold

NWMLS #2432505

$985,000
Feb 13, 2026

Sold (Public Record)

Public Record #1929082580

$985,000

-0.1% / yr

Jan 8, 2026

Pending

NWMLS #2432505

DateEvent & SourcePrice
02/20/2026

Sold

NWMLS #2432505

$985,000
02/13/2026

Sold (Public Record)

Public Record #1929082580

$985,000

-0.1% / yr

01/08/2026

Pending

NWMLS #2432505

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

Public Records for 551 South Sullivan Street

Taxable ValueLand$390,000Additions$342,000Total$732,000
Tax Record2026$7,981 ($665 / month)
Home Facts
Baths3Total Finished SqFt2,760 SqFtAbove Ground SqFt2,760 SqFtStories2Lot Size4,500 SqFtStyleDuplexYear Built2003Year Renovated2003ZoningLR3 (M)CountyKINGAPN788360-0710

Schools near 551 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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Inspire Realty

Based on information submitted to the MLS GRID as of 03/23/2026 04:01 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.