5954 Fauntleroy Way SW, Seattle, WA 98136
- $1,400,000
- 3,090
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 2489998
- Days on Market
- 139
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,090
- Area Total SqFt
- 3090
- Annual Tax Ammount
- 9135
- Lot Size (sq ft)
- 4,400
- Sewer
- Sewer Connected
Property Description
Originally built in 1968, the property has an excellent occupancy history having been fully remodeled throughout. All three units are large 2-bedroom, 1.75-bath units (approximately 1,030 SF each), giving new ownership the opportunity to acquire a stabilized asset with modern finishes in a strong rental location. Each unit is outfitted with new countertops, hardwood-style flooring, updated cabinetry, new fixtures, stainless steel appliances, and full-size washer/dryers. Residents enjoy private decks, storage options, and the convenience of four off-street parking spaces—amenities that help ensure strong tenant demand and long-term retention. With an attractive in-place CAP rate of 5.22% and no immediate renovation needs, the West Seattle Triplex offers investors durable cash flow from day one in a centrally located neighborhood with continued growth potential. Residents enjoy convenient access to major public transportation lines, providing connectivity to Downtown Seattle and surrounding employment centers. West Seattle’s continued popularity and walkability will continue to support strong tenant demand and long-term rent growth.
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Additional Information
- List Date
- 2026-03-09 23:43:12
- Community
- Fauntleroy
- Net Operating Income
- $73,090
- Gross Adjusted Income
- $95,999
- Gross Scheduled Income
- $101,052
- Total Monthly Income
- $8,421
- Insurance Expenses
- $2,131
- Water/Sewer/Garbage Expenses
- $3,900
- Gross Rent Multiplier
- 7.2
- Total Expenses
- $22,909
- Cap Rate
- 5.2
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 5954
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- Roof
- Flat
- Other Expenses
- 7743
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $8,421
- Gross Scheduled Income
- $101,052
- Vacancy Rate
- 5
- Gross Adjusted Income
- $95,999
- Tax Year
- 2026
- Insurance Expense
- $2,131
- W/S/G Expenses
- $3,900
- Total Expenses
- $22,909
- Net Operating Income
- $73,090
- Gross Rent Multiplier
- 7.2
- Cap Rate
- 5.2
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.