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
  • Listing ID #:2531266
  • Updated:June 15, 2026 at 11:06 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
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