$2,550,000
1401 W Bertona Street, Seattle, WA 98119
5,895 Sq Ft
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1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119
1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119 1401 W Bertona Street, Seattle, WA 98119

MLS #2531266 / Listing provided by NWMLS & Paragon Real Estate Advisors.

$2,550,000

1401 W Bertona Street
Seattle, WA 98119

Active 19 hours ago
5,895
Sq Ft
$433
Per Sq Ft
1925
Year Built

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 stalls in a walkable location: a short walk to Seattle Pacific University, the RapidRide D Line, and the retail and dining on 15th Avenue West, with direct commuter access to South Lake Union, Downtown Seattle, Ballard, and Fremont. North Queen Anne continues to benefit from supply-constrained multifamily stock and durable renter demand tied to SPU, the Fishermen's Terminal maritime cluster, and the Fremont tech corridor.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 12
  • Total Uncovered Parking Spaces: 12

Structure

  • Roof: Flat
  • Exterior Features: Brick, Wood Products
  • Foundation: Block, Poured Concrete

Lot Details

  • Acres: 0.1928
  • Foundation: Block, Poured Concrete
Area Features

Schools

  • High School District: Seattle

Lot Details

  • Acres: 0.1928
  • Foundation: Block, Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 12608
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