1056 S Sullivan Street, Seattle, WA, 98108
About This Home
Classic craftsman meets 4 plex and a 3 car garage! Income property or redevelopment property....you choose. 4 units of 500 sq ft . 1 bed 1bath. Zoned RSL(M) Turn-Key Investment with Excellent Cash Flow. 2 units STR and 2 LTR. This historic 1901 Craftsman offers a rare, turn-key opportunity for savvy investors in the heart of Seattle’s South Park neighborhood. Well maintained and boasting a strong tenant history, this property is designed for immediate cash flow and long-term value. : Approximately 2,600 sq. ft. of interior space across a well-designed 4-unit layout. Craftsman charm with convenient location, featuring wood exterior finishes and a durable composition roof. Ample Parking: Rare for the area, this property includes 6 total parking spaces (3 covered and 3 uncovered). Currently cash-flowing with an excellent track record of high occupancy. Corner Lot Appeal: The property sits on a 6,000 sq. ft. corner lot with alley access, offering extra privacy.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Average
- Year built: 1901
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding,Wood Products
Notable Dates
- Major remodel year: 1986
Type & Style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subType: Quadruplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Vinyl,Carpet
Heating & Cooling
- Heating features: Stove/Free Standing,Electric,Oil
- Cooling features: None
Interior Area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Details
- Parcel number: 7883606735
- Zoning description: See Remarks,Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 5,998 sqft
- Features: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Gas Available,High Speed Internet
Parking
- Total spaces: 6
- Parking features: Garage
- Attached garage spaces: 3
- Covered spaces: 3
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $873 | $10,476 |
| Electricity | $149 | $1,793 |
| Total | $5,733 | $68,796 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-15 | Listed for sale | $900,000 |
| 2020-11-17 | Listing removed | $760,000 |
| 2020-07-12 | Listed for sale | $760,000 |
| 2011-08-17 | Sold | $225,000 |
| 2005-04-22 | Sold | $280,000 |
| 1997-10-23 | Sold | $96,500 |
View on Zillow