Remodeled Triplex with Private
5954 Fauntleroy Seattle, WA 98136
5954 Fauntleroy, Seattle, WA, 98136
$1,400,000
For Sale
$1,400,000
Fully remodeled three-unit 2-bedroom triplex with modern interiors, in-unit laundry, and private outdoor decks.
Property Size3,090 SF
Price / SF$453.07
Days on Market249
Property Features for 5954 Fauntleroy
General Information
- Standard status
- Active
- Size
- 3,090 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1968
Listing agency
Paragon Real Estate Advisors
Listed by
Brian D. Platt
(206) 363-8509
Source
Century21northhomes
Added: Nov 14, 2025 Updated: Jul 10 at 1:48PM Checked: Jul 19 at 7:07AM
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 Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
Built in 1968 and fully remodeled throughout, this triplex presents three large 2-bedroom, 1.75-bath units. Each unit is outfitted with new countertops, hardwood-style flooring, updated cabinetry, new fixtures, stainless steel appliances, and full-size washer/dryers. The layout is designed for everyday comfort, with private decks and storage options for residents.
The property includes four off-street parking spaces. It is positioned for convenient access to major public transportation lines, providing connectivity to Downtown Seattle and surrounding employment centers.
For buyers seeking a stabilized residential income asset, the units are move-in ready with no immediate renovation needs noted. New ownership benefits from a stabilized configuration and an in-place CAP rate of 5.22%, while the tenant experience is supported by in-unit laundry, modern finishes, and private outdoor space.
The property includes four off-street parking spaces. It is positioned for convenient access to major public transportation lines, providing connectivity to Downtown Seattle and surrounding employment centers.
For buyers seeking a stabilized residential income asset, the units are move-in ready with no immediate renovation needs noted. New ownership benefits from a stabilized configuration and an in-place CAP rate of 5.22%, while the tenant experience is supported by in-unit laundry, modern finishes, and private outdoor space.
Key Highlights
- Fully remodeled 1968‑built three‑unit triplex with modern interiors
- Three large 2‑bedroom, 1.75‑bath units, approximately 1,030 SF each
- Updated kitchens and baths with stainless steel appliances, new countertops, updated cabinetry, and new fixtures
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $27.00 |
| − Vacancy | −$3.8k | −$1.22 |
| EGI | $79.7k | $25.79 |
| − OpEx | −$23.9k | −$7.74 |
| NOI | $55.8k | $18.05 |
3,090 SF · lease $27.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$796.8K
$697.2K – $929.6K
NOI $55,773 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$745.0K
$651.9K – $869.2K
NOI $52,153 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$929.6K
$813.4K – $1.08M
NOI $65,075 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Fully remodeled three-unit 2-bedroom triplex with modern interiors, in-unit laundry, and private outdoor decks.
Where is this triplex located?
The property is located at 5954 Fauntleroy Seattle, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully remodeled 1968‑built three‑unit triplex with modern interiors; Three large 2‑bedroom, 1.75‑bath units, approximately 1,030 SF each; Updated kitchens and baths with stainless steel appliances, new countertops, updated cabinetry, and new fixtures
