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About the Listing 6522 - 120313
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!
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Curbs,Dead End Street,Paved,Secluded,Sidewalk,Fenced-Fully
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Composition
- Others: Cement Planked,Very Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $4,728
- Taxes w/Assessments: N/A
- Tax/Property ID: 7883600700
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
547 S Sullivan St Seattle, WA 98108
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