For Sale205d on marketHistoric · 121 yrs
547 S Sullivan Street
Seattle, WA, 98108 • South Park • King County
$640,000
$512/sqft
-$5,000 since Mar 17, 2026
Down payment assistance available
3Beds
2Baths
1,250Sqft
0.1 acLot
1905Built
Property DNA
Territorial Views
Territorial
Duplex Style
Built 1905 · 121 years of history
South Park
South Park
This home is getting attention
Listed 205 days ago · 466 views · 17 saves
Market activity
Demand and pricing signals for this listing
466 views
People checking out this listing
17 saves
Buyers have saved this home
205 days on market
Established listing
$512/sqft
Price per square foot
About this home
Multi Family · Built 1905 · Historic
INVESTOR & HOUSE-HACKER ALERT: LR3 Zoned Cash-Flow! Seize this rare opportunity to own a high-yield, well-maintained asset with a 6.5% Cap Rate and the last developable lot on a quiet, redeveloped dead-end street. This unique property features two detached cottages—a roomy 2-bed/1-bath front unit and a 1-bed/1-bath rear unit with a private double driveway and new security gate—offering maximum privacy with no shared walls. Generating $3,822/mo in total income, the asset includes a contractual 5% rent increase in May 2026. The 4,500 SF lot is zoned LR3, surrounded by beautiful new townhomes, providing a massive future development play. Seller is offering $15,000 in Buyer Incentives, perfect for a 2-1 interest rate buy-down to maximize your day-one cash flow. Updates include newer paint, flooring, appliances, and an effective year built of 2022. Easy access to transit and neighborhood amenities. Seller 1031 exchange—make an offer today!
Standout features identified
Our analysis highlights two detached cottages, private double driveway, and new security gate as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,983/month
Principal & Interest$3,130
Property Tax$640
Insurance$213
Down payment20% ($128,000)
3%50%
Est. 6.18% rate · 30yr fixed · $512,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1905
HeatingWall Furnace, Electric, Natural Gas
CoolingNone
Parking2 Open Parking spaces
Days on Zillow205 Days
Price/sqft$512
Property
Home typeMulti Family
Sub-typeMulti Family
StyleDuplex
ConditionVery Good
Year built1905
Systems
HeatingWall Furnace, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionCement Planked, Cement Plank
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingOpen
Lot4,499 sqft
Location & Tax
NeighborhoodSouth Park
Annual tax$4,728
Parcel7883600700
Features & details
7 categories of property features
Interior Features
Flooring
Vinyl
Vinyl Plank
Carpet
Heating
Wall Furnace
Electric
Natural Gas
Cooling
None
Exterior Features
Parking
Open
Construction
Cement Planked
Cement Plank
Lot Features
Curbs
Dead End Street
Paved
Secluded
Sidewalk
Fenced-Fully
Views
Territorial
Listing insights
Market data and value estimates
StatusFor Sale
Days on market205
Tax rate0.82%
Price/sqft$512
On marketSep 10, 2025
PostedSep 11, 2025
Last sold$625,000
MLS statusActive
MLS updatedMar 19, 2026
Tour days9
Views466
Favorites17
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98108
Price history
19 events
DateEventPrice$/sqftSource
Mar 17, 2026Price Change$640,000$512NWMLS as distributed by MLS GRID
Feb 10, 2026Price Change$645,000$516NWMLS as distributed by MLS GRID
Jan 5, 2026Price Change$634,000$507NWMLS as distributed by MLS GRID
Dec 17, 2025Price Change$639,000$511NWMLS as distributed by MLS GRID
Nov 6, 2025Price Change$645,000$516NWMLS as distributed by MLS GRID
Oct 24, 2025Price Change$675,000$540NWMLS as distributed by MLS GRID
Sep 11, 2025Listed For Sale$685,000$548NWMLS as distributed by MLS GRID
Jul 25, 2022Sold$625,000$500NWMLS as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Nov 16, 2017Listing Removed$1,200$1Owner
Oct 26, 2017Listed For Rent$1,200$1Owner
Mar 8, 2016Sold$250,000$200Agent Provided
Jan 23, 2015Sold$157,500$126NWMLS as distributed by MLS GRID
Dec 24, 2014Listed For Sale$45,000$36Miller Laine Properties
Aug 16, 2010Sold$305,726$245Public Record
Nov 16, 2007Sold$274,500$220NWMLS as distributed by MLS GRID
Jun 11, 2003Sold$147,975$118Public Record
Apr 6, 2000Sold$132,000$106Public Record
Jun 7, 1999Sold$115,000$92Public Record
Price Change$640,000
Mar 17, 2026•$512/sqft•NWMLS as distributed by MLS GRID
Price Change$645,000
Feb 10, 2026•$516/sqft•NWMLS as distributed by MLS GRID
Price Change$634,000
Jan 5, 2026•$507/sqft•NWMLS as distributed by MLS GRID
Price Change$639,000
Dec 17, 2025•$511/sqft•NWMLS as distributed by MLS GRID
Price Change$645,000
Nov 6, 2025•$516/sqft•NWMLS as distributed by MLS GRID
Price Change$675,000
Oct 24, 2025•$540/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$685,000
Sep 11, 2025•$548/sqft•NWMLS as distributed by MLS GRID
Sold$625,000
Jul 25, 2022•$500/sqft•NWMLS as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$1,200
Nov 16, 2017•$1/sqft•Owner
Listed For Rent$1,200
Oct 26, 2017•$1/sqft•Owner
Sold$250,000
Mar 8, 2016•$200/sqft•Agent Provided
Sold$157,500
Jan 23, 2015•$126/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$45,000
Dec 24, 2014•$36/sqft•Miller Laine Properties
Sold$305,726
Aug 16, 2010•$245/sqft•Public Record
Sold$274,500
Nov 16, 2007•$220/sqft•NWMLS as distributed by MLS GRID
Sold$147,975
Jun 11, 2003•$118/sqft•Public Record
Sold$132,000
Apr 6, 2000•$106/sqft•Public Record
Sold$115,000
Jun 7, 1999•$92/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 5, 2024$4,728$439,000
Apr 5, 2023$4,183$402,000
Apr 5, 2022$3,946$423,000
Apr 5, 2021$3,583$351,000
Apr 5, 2020$3,414$317,000
Apr 5, 2019$3,292$310,000
Apr 5, 2018$3,041$319,000
Apr 5, 2017$2,874$262,000
Apr 5, 2016$2,228$232,000
Apr 5, 2015$2,228$235,000
Apr 5, 2014$2,228$211,000
Apr 5, 2013$2,228$211,000
Apr 5, 2012—$211,000
Apr 5, 2011—$207,000
Apr 5, 2010—$204,000
Apr 5, 2009—$204,000
Apr 5, 2007—$139,000
Apr 5, 2006—$127,000
Apr 5, 2005—$113,000
Apr 5, 2001$1,444$117,000
Apr 5, 2000$1,320$102,000
Nearby homes
Neighborhood details
Local context around this listing
Seattle, WA • King County
Nearby neighborhoods
AdamsCapitol HillFirst HillFremontGreenwoodMagnoliaMinorRavennaUniversity DistrictWallingford
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040981039810598109981159811798118981229812598133
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Based on information submitted to the MLS GRID as of 2026-04-05 13:00:07 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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