547 S Sullivan Street, Seattle, WA 98108

Property 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 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!

Listing Status:

Active

Data Last Updated:

February 13, 2026 at 11:19PM

Listing Office:

Inspire Realty : 253-365-1778

Listing Agent:

Autumn Allen : 253-365-1778

MLS ID:

2432506

Interior

• Flooring: VinylVinyl PlankCarpet
• A/C: None
• Heating: Wall Unit(s)
• Fireplace: Fireplaces: 0

Exterior

• General: Cement Planked
• Parking: Parking spaces: 2

Construction

• Roofing: Composition
• General: 52 - Duplex

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Seattle
• County: King

Lot

• Zoning: 7883600700
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls