5954 Fauntleroy Way - Multi-Family FOR SALE


Seattle, WA 98126- Fairmount Park
$1,400,000 USD
206-251-8483
5954 Fauntleroy Way, Seattle, WA for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/14
null | 5.22% Cap Rate

5954 Fauntleroy Way
Seattle, WA 98126
Fairmount Park


HIGHLIGHTS

  • Located in West Seattle’s Fauntleroy neighborhood
  • All 2-bedroom, 1.75-bath units – 1,030 square feet
  • Washer/dryer in units
  • Private decks
  • 4 on-site parking spaces
  • Easy access to public transportation lines

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

3

PRICE/UNIT

$466,667

CAP RATE

5.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Seattle Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,400 SF

ZONING

LR2 (M)

APN/PARCEL ID

762570-2786

ASK ABOUT THIS PROPERTY

Brian PlattParagon Real Estate AdvisorsMore Info
206-251-8483

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Brian PlattParagon Real Estate AdvisorsMore Info
206-251-8483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.