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Listed by:Paragon Real Estate Advisors • Brian D. Platt
$ 1,400,000
Est. payment | /mo
6 Beds
3 Baths
3,090 SqFt
$ 1,400,000
Est. payment | /mo
6 Beds
3 Baths
3,090 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,090 sqft
Price per Sqft $453
Subdivision Fauntleroy
MLS Listing ID 2489998
Style 53 - Tri-plex
Bedrooms 6
Year Built 1968
Annual Tax Amount $9,135
Lot Size 4,400 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stucco
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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