527 S Sullivan Street, Seattle, WA 98108
- $750,000
- 2,760
- SqFt
Listing courtesy of Pacific Dream Home Realty.
- List Price
- $750,000
- Status
- PENDING
- MLS#
- 2525094
- Price Change
- ▼ $20,000 1781489818
- Days on Market
- 70
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,760
- Area Total SqFt
- 2760
- Annual Tax Ammount
- 7063
- Lot Size (sq ft)
- 6,000
- Sewer
- Available
Property Description
This property is on LR3 zone with 6,000 sqft. It includes a triplex with 3 rental units and a backyard land. It's a rare LR3 development opportunity in Seattle’s growing South Park neighborhood with an existing triplex generating income while future redevelopment plans are explored. Potential options may include retaining existing structure with additional rear townhouse/condo development or full site redevelopment for higher-density townhome project , up to 8 townhomes (buyer to verify). Excellent opportunity for builders, developers, and long-term investors. Convenient access to Downtown Seattle, Georgetown, Boeing Field, Hwy 99 & I-5.
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Additional Information
- List Date
- 2026-05-26 00:24:12
- Community
- South Park
- Net Operating Income
- $70,179
- Gross Adjusted Income
- $82,320
- Gross Scheduled Income
- $84,000
- Total Monthly Income
- $7,000
- Insurance Expenses
- $1,178
- Water/Sewer/Garbage Expenses
- $2,700
- Gross Rent Multiplier
- 9.5
- Total Expenses
- $12,141
- Cap Rate
- 8.77
- Vacancy Rate
- 2
- Total Number of Units
- 3
- Unit Name
- 527
- Potential Terms
- Conventional
- Year Built
- 1908
- Roof
- Composition
- Other Expenses
- 300
- Energy Source
- Natural Gas
- School District
- Seattle
- Elementary School
- Concord
- Middle School
- Denny Mid
- High School
- Sealth High
- Total Monthly Income
- $7,000
- Gross Scheduled Income
- $84,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $82,320
- Tax Year
- 2026
- Insurance Expense
- $1,178
- W/S/G Expenses
- $2,700
- Total Expenses
- $12,141
- Net Operating Income
- $70,179
- Gross Rent Multiplier
- 9.5
- Cap Rate
- 8.77
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.