98136 Homes with 53 - Tri-plex Style

98136 Homes with 53 - Tri-plex Style

Welcome to the vibrant and picturesque neighborhood of Seattle’s 98136 zip code, nestled in the heart of King County, Washington. This charming area offers a unique blend of urban convenience and natural beauty, making it an ideal place to call home.

The 98136 zip code is known for its stunning waterfront views, lush parks, and a strong sense of community. Residents enjoy easy access to the beautiful shores of Puget Sound, where you can indulge in a variety of outdoor activities, from kayaking to leisurely strolls along the beach. The neighborhood is also home to several parks, including the popular Lincoln Park, which features trails, playgrounds, and breathtaking vistas of the Olympic Mountains.

When it comes to housing, the 98136 area boasts a diverse selection of homes, with tri-plex style residences being a standout option for many buyers. These multi-family homes offer a unique opportunity for investment or multi-generational living. With their efficient layouts and spacious designs, tri-plexes provide the perfect blend of privacy and community. Imagine having your own space while still being part of a close-knit neighborhood, where you can share experiences and create lasting memories with family or tenants.

The local real estate market is thriving, with a variety of stylish tri-plex properties that cater to a range of lifestyles. Whether you’re looking for a cozy home for yourself, an investment opportunity, or a place to accommodate extended family, the tri-plexes in 98136 are an outstanding choice. Embrace the charm and convenience of this captivating Seattle neighborhood, where the possibilities are endless!

Newest 98136 Homes with 53 - Tri-plex Style

5952 Fauntleroy Way SW, Seattle
$1,200,000
2584274 MLS ⋅ ACTIVE Status
Terrific opportunity to acquire a well-maintained triplex in a prime West Seattle location.  Built in 1996 and in great condition with terrific curb appeal.  Attractive terraced landscaping.  All units sit above the street for added privacy. All 3 units have been updated and are in good condition. All are spacious and have open concept floorplans.  Top floor unit is 2 bed/2 bath, one has 2 bed/1 bath, and one is 1 bed/1 bath, for a total of 2850 +/- sq ft of living space.  Each unit has a dishwasher, washer, and dryer.  4 parking spaces in the alley, plus plenty of street parking out front. Excellent tenant occupancy.  Rents total $6405/month and are below market, creating ability to improve on current CAP rate of 4.7%.  Rent increase notice delivered 9/1/2026 (5%).  Fairmount Park neighborhood is centrally located. Morgan and Alaska junctions are nearby.  Close to shops, restaurants, parks, and schools.  Beautiful Lincoln Park and the Fauntleroy ferry are minutes away.  Great public transportation out front and great access to downtown Seattle.  Truly an ideal investment opportunity.  Live in one unit and rent out two or just capitalize on this amazing opportunity!

5952 Fauntleroy Way SW, Seattle

Listing Broker: Realogics Sotheby's Int'l Rlty; Kimberleigh King; 206-948-7003; kim@winninghamking.com

5954 Fauntleroy Way SW, Seattle
$1,350,000
2583989 MLS ⋅ ACTIVE Status
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.

5954 Fauntleroy Way SW, Seattle

Listing Broker: Paragon Real Estate Advisors; Brian D. Platt; ;

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