551 S Sullivan Street

Seattle, WA 98108

  • Bed

  • Bath

  • 2760 SqFt

  • 97 DOM

  • Built: 2003

  • Status: Active

$988,000

X

551 S Sullivan Street

Seattle 98108

$988000

  • Bed

  • Bath

  • 2760 SqFt

  • 97 DOM

  • Built: 2003

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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!

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Residence Information

  • 2760

  • Composition

  • 53 - Tri-plex

  • 2003

Features and Utilities

  • Cement Planked

  • Public

  • Sewer Connected

  • 0

Financial

  • 6664

  • Cash Out, Conventional, FHA, VA Loan

  • 09-11-2025

Comparable Information

  • 97

  • 97

  • Cash Out, Conventional, FHA, VA Loan

  • $1,100,000

  • $1,100,000

  • Dec 17, 2025 21:06

Schools

Map

Listing courtesy of Inspire Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Dec 19, 2025 15:09 | Listing last modified Dec 17, 2025 21:06. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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