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3831 17th Avenue SW, Seattle
$769,000
2585310 MLS ⋅ ACTIVE Status
Great opportunity to own a nice cash flowing triplex. 3 2/1 units with dishwashers, washer/dryer and patio & yard spaces. Long time tenants and strong income make this one a great buy!

3831 17th Avenue SW, Seattle

Listing Broker: Windermere West Metro; Bill Reid; 206-852-6293; billreidre@gmail.com

1768 Alki Avenue SW, Seattle
$1,295,000
2578876 MLS ⋅ ACTIVE Status
WELCOME TO VILLA ICON— A RARE, FRESHLY REMODELED ALKI WATERFRONT TRIPLEX. LIVE, WORK, INVEST OR DEVELOP. Directly across from the water on iconic Alki Avenue, this exceptional property offers three distinct residences—a studio, 1-bedroom and 2-bedroom—blending immediate income with remarkable flexibility and future potential. Two residences are currently leased, while the studio is ready to live in, welcome guests, create a private office or flex space, or generate additional rental income. Wake to sweeping Puget Sound and Olympic Mountain views, watch ferries and boats glide by, stroll the beach and waterfront path, and end the day with unforgettable Alki sunsets. Restaurants, cafés and recreation are just outside your door, with downtown Seattle minutes away. Hold as an income-producing asset, create your own Alki home base, or explore future development potential. THREE RESIDENCES. ONE ICONIC WATERFRONT ADDRESS. ENDLESS POSSIBILITIES. Buyer to verify development feasibility and intended use.

1768 Alki Avenue SW, Seattle

Listing Broker: Coldwell Banker Bain; Natalie Sutey; 509-679-1371; natalie.sutey@cbrealty.com

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; ;

5911 SW Admiral Way, Seattle
$1,275,000
2582595 MLS ⋅ ACTIVE Status
The offering consists of two separate structures on a single 4,800 square foot NR3 zoned parcel. A two bedroom house built in 1946 sits at the front of the property, and a standalone duplex built in 1988 sits behind it, containing two more two bedroom/one bathroom units. Total net rentable area is 2,340 square feet across the three units, with an additional 720 square feet of unfinished basement beneath the house. Each unit is a two bedroom, one bathroom layout with a dedicated storage locker and its own full size washer and dryer. Both duplex units are vacant and ready for occupancy. Both interiors have been freshly painted and have new vinyl plank flooring, new carpet, new window blinds, and the appliance package in the upper unit (unit B) is new. Hot water tanks were replaced in 2023 and 2024. The property also works for an owner user, who can occupy a duplex unit at closing. The house sits on 720 square feet of unfinished basement with a dedicated entry, good ceiling height, and a sewer line that runs down rather than out through a sidewall, which allows a bathroom to be added at the lower level without sacrificing space. A buyer can finish the basement as additional living area for the house or pursue the addition of a fourth unit. The parcel is zoned NR3, which allows four units on the site. A buyer is to research and confirm the viability of these options to its own satisfaction, including with the appropriate City of Seattle zoning and construction departments.

5911 SW Admiral Way, Seattle

Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com

2352 49th Avenue SW, Seattle
$1,150,000
2570576 MLS ⋅ ACTIVE Status
Prime West Seattle location within walking distance of Admiral Junction & California Ave SW sets the stage for this distinctive mid-century triplex, with easy access to neighborhood dining, shops, parks, waterfront recreation & everyday conveniences. Three separate residences feature individual entrances, spacious interiors & original architectural details. Unit 2352 offers single-level living with an open living/dining area, wood-burning brick fireplace, wood-paneled accent wall, exposed dark-stained beams, galley kitchen with pass-through breakfast bar, vaulted ceilings, clerestory windows & oak hardwood floors. Unit 2354 features a spacious two-level layout with a full-height brick fireplace, exposed beams, vaulted ceilings & expansive picture windows. Hardwood floors extend through the main-level bedroom & hallway, while the lower-level primary suite offers LVP flooring, oversized windows & a ¾ bath with tiled walk-in shower. Unit 235½ continues the mid-century character with a freestanding fireplace, slate-blue tile entry, large window-lined living room & kitchen with extensive wood cabinetry and generous counter space. Two bedrooms & a full bath complete the residence. Mature trees & lush landscaping surround the shared backyard, with fenced outdoor areas & private/reserved parking. A rare combination of location, versatility & character.

2352 49th Avenue SW, Seattle

Listing Broker: AQUA Real Estate; Jesse Tronson; 425-681-8616; jesse@getaqua.com

1053 S Southern Street, Seattle
$725,000
2497011 MLS ⋅ ACTIVE Status
South Park income-producing property featuring a beautifully updated Northwest Contemporary home with a basement apartment and detached DADU, offering excellent potential for rental income. The main home showcases vaulted ceilings with exposed beams, warm wood flooring, and abundant natural light. The chef’s kitchen is designed for both style and function with quartz countertops, stainless appliances, farmhouse sink, live-edge shelving, pantry, breakfast bar, and a huge quartz center island, along with skylights that create a bright, inviting space perfect for entertaining. Flexible living includes a main floor bedroom or office, full bath, and main-level laundry. Upstairs you’ll find a spacious primary suite with a walk-in closet and relaxing bathroom with jetted tub. The property also features two income-producing units: a lower-level apartment with kitchen, living room, den, private laundry and bath, plus a detached industrial-style DADU with loft, kitchen, bath and private laundry. Outdoor spaces include a walkout deck, private patio, and thoughtfully designed garden seating areas, along with RV parking, carport, and parking for up to five vehicles. Located in a central South Park location, this rare opportunity is ideal for investors or buyers seeking rental income to offset their mortgage.

1053 S Southern Street, Seattle

Listing Broker: RE/MAX Extra Inc.; Brandon Scheer; 253-579-2358; brandon@scheergold.com

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial 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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