Sold43d on market
551 S Sullivan Street
Seattle, WA, 98108 • South Park • King County
$985,000
$357/sqft
7Beds
3Baths
2,760Sqft
0.1 acLot
2003Built
Property DNA
Territorial Views
Territorial
South Park
South Park
Ceramic Tile Floors
Quality flooring throughout
This home is getting attention
Listed 43 days ago · 25 views
Market activity
Demand and pricing signals for this listing
25 views
People checking out this listing
43 days on market
Established listing
$357/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 15% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 2003
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!
Standout features identified
Our analysis highlights updated finishes and private yard as key attractions of this home.
Estimated monthly payment
Based on current rates
$6,130/month
Principal & Interest$4,817
Property Tax$985
Insurance$328
Down payment20% ($197,000)
3%50%
Est. 6.18% rate · 30yr fixed · $788,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built2003
HeatingForced Air, Wall Furnace, Electric, Natural Gas
CoolingNone
Parking3 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionUpdated/Remodeled
Year built2003
Systems
HeatingForced Air, Wall 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$6,664
Parcel7883600710
Features & details
7 categories of property features
Interior Features
Flooring
Ceramic Tile
Vinyl
Vinyl Plank
Carpet
Heating
Forced Air
Wall Furnace
Electric
Natural Gas
Cooling
None
Exterior Features
Parking
Open
Construction
Cement Planked
Cement Plank
Lot Features
Adjacent to Public Land
Corner Lot
Curbs
Dead End Street
Paved
Secluded
Sidewalk
Fenced-Partially
High Speed Internet
Views
Territorial
Listing insights
Market data and value estimates
StatusSold
Days on market43
Est. value$986,600
Est. rent$2,609/mo
Tax rate0.82%
Price/sqft$357
On marketNov 24, 2025
PostedSep 11, 2025
Last sold$985,000
MLS statusSold
MLS updatedMar 23, 2026
Tour days6
Views25
How are the schools in Seattle?
3 schools rated nearby
Location
Seattle, WA, 98108
Price history
26 events
DateEventPrice$/sqftSource
Feb 20, 2026Sold$985,000$357NWMLS as distributed by MLS GRID
Jan 9, 2026Pending Sale$988,000$358NWMLS as distributed by MLS GRID
Dec 17, 2025Price Change$988,000$358NWMLS as distributed by MLS GRID
Nov 6, 2025Price Change$998,900$362NWMLS as distributed by MLS GRID
Oct 24, 2025Price Change$1,090,000$395NWMLS as distributed by MLS GRID
Sep 11, 2025Listed For Sale$1,100,000$399NWMLS as distributed by MLS GRID
Jun 30, 2022Sold$975,000$353NWMLS as distributed by MLS GRID
May 24, 2022Pending Sale$975,000$353NWMLS as distributed by MLS GRID
May 20, 2022Listed For Sale$975,000$353NWMLS as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Jul 25, 2017Listing Removed$1,475$1Owner
Jul 14, 2017Listed For Rent$1,475$1Owner
Jun 3, 2017Listing Removed$1,800$1Owner
May 2, 2017Listed For Rent$1,800$1Owner
Nov 4, 2011Sold$169,000$61Public Record
Jan 19, 2011Listing Removed$264,900$96Warring Properties
Nov 21, 2010Listed For Sale$264,900$96Warring Properties
Aug 6, 2010Sold$255,000$92Public Record
Jul 17, 2010Price Change$279,950$101Skyline Properties, Inc. - Seattle/Northgate
Jun 13, 2010Price Change$299,950$109Skyline Properties, Inc. - Seattle/Northgate
Feb 20, 2010Price Change$349,000$126Skyline Properties, Inc. - Seattle/Northgate
Jun 26, 2009Listed For Sale$455,000$165Skyline Properties, Inc. - Seattle/Northgate
Jul 31, 2006Sold$397,500$144NWMLS as distributed by MLS GRID
Apr 21, 2005Sold$387,000$140Public Record
May 27, 2003Sold$289,900$105Public Record
Jan 18, 2000Sold$188,000$68Public Record
Sold$985,000
Feb 20, 2026•$357/sqft•NWMLS as distributed by MLS GRID
Pending Sale$988,000
Jan 9, 2026•$358/sqft•NWMLS as distributed by MLS GRID
Price Change$988,000
Dec 17, 2025•$358/sqft•NWMLS as distributed by MLS GRID
Price Change$998,900
Nov 6, 2025•$362/sqft•NWMLS as distributed by MLS GRID
Price Change$1,090,000
Oct 24, 2025•$395/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,100,000
Sep 11, 2025•$399/sqft•NWMLS as distributed by MLS GRID
Sold$975,000
Jun 30, 2022•$353/sqft•NWMLS as distributed by MLS GRID
Pending Sale$975,000
May 24, 2022•$353/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$975,000
May 20, 2022•$353/sqft•NWMLS as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$1,475
Jul 25, 2017•$1/sqft•Owner
Listed For Rent$1,475
Jul 14, 2017•$1/sqft•Owner
Listing Removed$1,800
Jun 3, 2017•$1/sqft•Owner
Listed For Rent$1,800
May 2, 2017•$1/sqft•Owner
Sold$169,000
Nov 4, 2011•$61/sqft•Public Record
Listing Removed$264,900
Jan 19, 2011•$96/sqft•Warring Properties
Listed For Sale$264,900
Nov 21, 2010•$96/sqft•Warring Properties
Sold$255,000
Aug 6, 2010•$92/sqft•Public Record
Price Change$279,950
Jul 17, 2010•$101/sqft•Skyline Properties, Inc. - Seattle/Northgate
Price Change$299,950
Jun 13, 2010•$109/sqft•Skyline Properties, Inc. - Seattle/Northgate
Price Change$349,000
Feb 20, 2010•$126/sqft•Skyline Properties, Inc. - Seattle/Northgate
Listed For Sale$455,000
Jun 26, 2009•$165/sqft•Skyline Properties, Inc. - Seattle/Northgate
Sold$397,500
Jul 31, 2006•$144/sqft•NWMLS as distributed by MLS GRID
Sold$387,000
Apr 21, 2005•$140/sqft•Public Record
Sold$289,900
May 27, 2003•$105/sqft•Public Record
Sold$188,000
Jan 18, 2000•$68/sqft•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 5, 2024$7,478$738,000
Apr 5, 2023$6,654$675,000
Apr 5, 2022$6,268$709,000
Apr 5, 2021$5,375$554,000
Apr 5, 2020$5,109$499,000
Apr 5, 2019$4,935$488,000
Apr 5, 2018$4,557$502,000
Apr 5, 2017$4,308$412,000
Apr 5, 2016$2,895$365,000
Apr 5, 2015$2,895$333,000
Apr 5, 2014$2,895$283,000
Apr 5, 2013$2,895$232,000
Apr 5, 2012—$260,000
Apr 5, 2011—$285,000
Apr 5, 2010—$303,000
Apr 5, 2009—$303,000
Apr 5, 2007—$331,000
Apr 5, 2006—$310,000
Apr 5, 2005—$281,000
Apr 5, 2001$1,960$162,000
Apr 5, 2000$1,794$141,000
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 13:09:20 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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