1401 W Bertona Street, Seattle, WA 98119

Seattle
Local realty services provided by:Tucker Realty ERA Powered
Listed by: michael urquhart, ben douglas
Office: paragon real estate advisors
MLS#:2531266
Source:NWMLS
1401 W Bertona Street,Seattle, WA 98119
$2,550,000
  • - Beds
  • - Baths
  • 5,895 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,550,000
  • Price per sq. ft.:$432.57

About this home

Presenting the Fairseas Apartments, an eight unit multifamily property in the North Queen Anne neighborhood of Seattle. The asset delivers a 5.8% current cap rate on day one—a stabilized, high income-producing return in a submarket where most comparable listings are priced at sub-5.25% current yields. Six of the eight units have been fully renovated with market-quality finishes, including four 2BD/1BTH, one 1BD/1BTH, and one 1BD+Den/1BTH. The two original 1BD/1BTH units are occupied by long-term tenants paying below-market rents, representing significant upside to bring them to the same finish and rent tier as the rest of the building—without touching the renovated units or stabilized income. In-place renovated rents already reach $1,800 on the one bedroom, validating the finish level. The building also features a new Durolast roof and a full exterior refresh (paint, lighting, signage) within the last three years. It sits on an 8,400 SF LR3 RC (M) zoned lot with 12 on-site parking...

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Home facts

  • Year built:1925
  • Subdivision & Development:Queen Anne
  • Listing ID #:2531266
  • Updated:August 03, 2026 at 11:15 AM

Rooms and interior

  • Flooring:Laminate, Vinyl Floor
  • Living area:5,895 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1925
  • Building area:5,895 sq. ft.
  • Lot area:0.19 Acres
  • Construction Materials:Brick Exterior Finish, Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,550,000
  • Price per sq. ft.:$432.57
  • Tax amount:$23,139 (2026)

Parking

  • Total parking spaces:12
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 3, 2026. 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 is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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