Amazing West Seattle Triplex
A PRIME WEST SEATTLE INVESTMENT OPPORTUNITY
Terrific opportunity to acquire a well-maintained triplex in the centrally located Fairmount Park neighborhood. Built in 1996 and thoughtfully cared for, the property offers excellent curb appeal, attractive terraced landscaping, and three residences positioned above the street for added privacy.
THREE SPACIOUS, UPDATED RESIDENCES
All three units feature open-concept floor plans, generous living spaces, and updated interiors in good condition. The top-floor residence offers two bedrooms and two baths, complemented by a two-bedroom, one-bath unit and a one-bedroom, one-bath unit, for approximately 2,850 +/- square feet of combined living space. Each residence includes a dishwasher, washer, and dryer.
Top-Floor Residence: 2 Beds | 2 Baths
Second Residence: 2 Beds | 1 Bath
Third Residence: 1 Bed | 1 Bath
ESTABLISHED RENTAL INCOME & UPSIDE
Excellent tenant occupancy provides an established income stream, with current rents totaling $6,405 per month. Rents remain below market, offering the potential to improve upon the current 4.7% CAP rate. A 5% rent increase notice was delivered September 1, 2026, creating additional income potential for the next owner.
PARKING, PRIVACY & EVERYDAY CONVENIENCE
Four dedicated parking spaces are located off the alley, with additional street parking available out front. The elevated position of the residences, mature landscaping, and thoughtful site layout create separation and privacy while maintaining easy access to the surrounding neighborhood.
CONNECTED TO THE BEST OF WEST SEATTLE
Fairmount Park places shops, restaurants, parks, schools, and neighborhood amenities within easy reach. Both the Alaska and Morgan Junctions are nearby, along with Lincoln Park and the Fauntleroy ferry. Convenient public transportation and straightforward access to downtown Seattle make this an especially well-connected West Seattle location.
FLEXIBILITY FOR INVESTORS OR OWNER-OCCUPANTS
Capitalize on the property as a fully leased investment or consider living in one residence while generating income from the other two. With three updated units, established tenancy, and room for future rental growth, the property offers multiple paths for long-term ownership.
MLS
2584274
STATUS
ACTIVE
Address
5952 Fauntleroy Wy SW, Seattle, WA 98136
Price
$1,200,000
FEATURES
3 Updated Residences
2,740 Square Feet
4,400 Sq. Ft. Lot
Open-Concept Floorplans
In-Unit Laundry
Dishwashers Included
4 Parking Spaces
Alley Parking
Terraced Landscaping
Elevated Street Position
Below-Market Rents
Public Transit Access
Downtown Seattle Access
WELCOME HOME
