Updated
For Sale
$1,200,000
5952 Fauntleroy Way SW, Seattle, WA 98136
Three residences offer a mix of one- and two-bedroom layouts, each equipped with a dishwasher, washer, and dryer.
Property Size2,740 SF
Price / SF$437.96
Days on Market50
Property Features for 5952 Fauntleroy Way SW
General Information
Standard status
Active
Size
2,740 SF
Total Parking Spaces
4
Property subtype
Multi Family
Financials
Cap Rate
4.7%
Gross Income
$76,860
Site & Location
Neighborhood
Fairmount Park
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,667
Amenities
dishwasher
washer
dryer
Building Details
Building Size
2,740 SF
Year Built
1996
Listing Agency:
Realogics Sotheby's Int'l Rlty
Listed By:
Kimberleigh King
(206) 948-7003
Source:
Mummahomes
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 5 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realogics Sotheby's Int'l Rlty
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Investment Insights
Based on property information with market context.
Built in 1996, this Seattle triplex contains three updated residences. The unit mix comprises two 2-bedroom apartments, one with 2 bathrooms and the other with 1, plus a 1-bedroom, 1-bathroom apartment. Each unit has a dishwasher, washer, and dryer. Four parking spaces are located in the alley.
The property is in West Seattle, near Morgan and Alaska junctions, shops, restaurants, parks, and schools. Lincoln Park and the Fauntleroy ferry are also nearby, and public transportation is available out front. The reported cap rate is 4.7%.
The property is in West Seattle, near Morgan and Alaska junctions, shops, restaurants, parks, and schools. Lincoln Park and the Fauntleroy ferry are also nearby, and public transportation is available out front. The reported cap rate is 4.7%.
Key Highlights
- Three updated units: two 2‑bedroom apartments and one 1‑bedroom apartment
- Built in 1996
- Dishwasher, washer, and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,456
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,120
$989.1K
Cap Rate 7%
$706,514
$706.5K
Cap Rate 9%
$549,511
$549.5K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$74.0K $27.00/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$70.7K $25.79/SF
− OpEx
−$21.2K −$7.74/SF
NOI
$49.5K $18.05/SF
Area
Seattle, WA
Vacancy
4.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,120
Cap Rate 7%
$706,514
Cap Rate 9%
$549,511
Alternative Uses
Best Use
Multifamily LT 5
$706.5K
$618.2K – $824.3K
NOI $49,456 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$660.6K
$578.1K – $770.8K
NOI $46,245 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$824.3K
$721.3K – $961.7K
NOI $57,704 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
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Business Placement
Demographics for 98136, WA
16,424
Population
8,295
Households
2
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,141
Density / Sq Mi
$153,636
Median Household Income
$85,279
Median Earnings
$1,917
Median Rent
$900,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Seattle, WA
Properties on Market for Triplexes in Seattle
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer a mix of one- and two-bedroom layouts, each equipped with a dishwasher, washer, and dryer.
Where is this triplex located?
The property is located at 5952 Fauntleroy Way SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three updated units: two 2‑bedroom apartments and one 1‑bedroom apartment; Built in 1996; Dishwasher, washer, and dryer in each residence
