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Listed by:Realogics Sotheby's Int'l Rlty • Kimberleigh King
$ 1,200,000
Est. payment /mo
New
5952 Fauntleroy WAY SW Seattle, WA 98136
6 Beds
4 Baths
2,740 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,740 sqft
Price per Sqft $437
Subdivision Fairmount
MLS Listing ID 2584274
Style 53 - Tri-plex
Bedrooms 6
Year Built 1996
Annual Tax Amount $9,667
Lot Size 4,400 Sqft
Property Sub-Type Multi Family
Property Description
Terrific opportunity to acquire a well-maintained triplex in a prime West Seattle location. Built in 1996 and in great condition with terrific curb appeal. Attractive terraced landscaping. All units sit above the street for added privacy. All 3 units have been updated and are in good condition. All are spacious and have open concept floorplans. Top floor unit is 2 bed/2 bath, one has 2 bed/1 bath, and one is 1 bed/1 bath, for a total of 2850 +/- sq ft of living space. Each unit has a dishwasher, washer, and dryer. 4 parking spaces in the alley, plus plenty of street parking out front. Excellent tenant occupancy. Rents total $6405/month and are below market, creating ability to improve on current CAP rate of 4.7%. Rent increase notice delivered 9/1/2026 (5%). Fairmount Park neighborhood is centrally located. Morgan and Alaska junctions are nearby. Close to shops, restaurants, parks, and schools. Beautiful Lincoln Park and the Fauntleroy ferry are minutes away. Great public transportation out front and great access to downtown Seattle. Truly an ideal investment opportunity. Live in one unit and rent out two or just capitalize on this amazing opportunity!
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Amenities Available Cable TV, Deck, Fenced-Partially
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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