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5954 Fauntleroy Way
Seattle, WA 98126
West Seattle Triplex · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Located in West Seattle’s Fauntleroy neighborhood
- Washer/dryer in units
- 4 on-site parking spaces
- All 2-bedroom, 1.75-bath units – 1,030 square feet
- Private decks
- Easy access to public transportation lines
Executive Summary
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.
Property Facts
| Price Per Unit | $634,200 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.22% | Building Size | 3,090 SF |
| Gross Rent Multiplier | 7.8 | No. Stories | 3 |
| No. Units | 3 | Year Built | 1968 |
| Property Type | Multifamily | ||
| Zoning | LR2 (M) | ||
| Price Per Unit | $634,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.10 AC |
| Building Size | 3,090 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | LR2 (M) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | $3,431 CAD | 1,030 |
Property Taxes
| Parcel Number | 762570-2786 | Improvements Assessment | $754,245 CAD |
| Land Assessment | $587,088 CAD | Total Assessment | $1,341,333 CAD |
Property Taxes
Parcel Number
762570-2786
Land Assessment
$587,088 CAD
Improvements Assessment
$754,245 CAD
Total Assessment
$1,341,333 CAD
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