$1,350,000
Est. $7,419/mo3,090 sq ft
5954 Fauntleroy Way SW, Seattle, WA 98136
• Listed Sep 17, 2026•204 days active · 204 cumulative
Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; 206-812-9130; brianp@paragonrea.com
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Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; 206-812-9130; brianp@paragonrea.com
About this home
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 5.41% 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.
Listed by Brian D. Platt • Paragon Real Estate Advisors
Listing updated: September 17, 2026 at 09:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2583989
Around this home
How much should you offer?
5954 Fauntleroy Way SW, Seattle, WA 98136
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Tri-plex
Flooring
- Vinyl Plank
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Fairmount Park Elementary SchoolPublic · Grades PK-5 · 0.3 mi · State rank 78 of 1,13810/10
- David T. Denny International Middle SchoolPublic · Grades 6-8 · 1.5 mi · State rank 214 of 5146/10
- Chief Sealth International High SchoolPublic · Grades 9-12 · 1.5 mi · State rank 157 of 3966/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 3
- Units below grade
- false
- Building square feet
- 3,090 sq ft
Income & expenses
- Gross scheduled income
- $101,052
- Total monthly income
- $8,421
- Additional monthly income
- $621
- Gross adjusted income
- $95,999
- Net operating income
- $73,090
- Cap rate
- 5.41%
- Gross rent multiplier
- 13.36
- Vacancy rate
- 5%
- Total expenses
- $22,909
- Insurance
- $2,131
- Other expenses
- $7,743
- Water / sewer / garbage paid by
- 3900
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 4
Taxes & assessment
- Annual taxes
- $9,135
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 5954 Fauntleroy Way SW
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026ListedNWMLS via MLS Grid · #2583989$1,350,000$437/sq ft
- Oct 21, 2016SoldNWMLS via MLS Grid · #1016513$775,000$251/sq ft
- Aug 23, 2016PendingNWMLS via MLS Grid · #1016513$750,000$243/sq ft
- Aug 18, 2016ListedNWMLS via MLS Grid · #1016513$750,000$243/sq ft
Mortgage payment forecast
$8,518 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; 206-812-9130; brianp@paragonrea.com
Market pulse
Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 49 days.
Recent sales nearby
Within 1 mile · last 6 months$590,000 Sold
1 day ago
3 bd•2.5 ba•~1,400 sq ft•Single Family
5614 Fauntleroy Way SW #A, Seattle, WA 98136
3%
Under list
55
Days on market
0.2 mi
Distance
$665,700 Sold
6 days ago
2 bd•2.25 ba•~1,100 sq ft•Single Family
5953 Fauntleroy Way SW #D, Seattle, WA 98136
0%
Over list
162
Days on market
0.1 mi
Distance
$605,000 Sold
1 week ago
3 bd•2.5 ba•~1,400 sq ft•Single Family
5614 Fauntleroy Way SW #B, Seattle, WA 98136
1%
Under list
49
Days on market
0.2 mi
Distance
$979,900 Sold
1 week ago
4 bd•2.25 ba•~2,152 sq ft•Single Family
5013 Fauntleroy Way SW, Seattle, WA 98136
0%
Over list
57
Days on market
0.6 mi
Distance
$1,295,000 Sold
1 week ago
4 bd•2.75 ba•~2,420 sq ft•Single Family
5245 45th Avenue SW, Seattle, WA 98136
2%
Over list
26
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 23, 2026 at 1:23 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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