1401 W Bertona Street, Seattle, WA 98119

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1401 W Bertona Street, Seattle, WA 98119

(Active)

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Listed by: Michael Urquhart - Paragon Real Estate Advisors

Active

est.$2,550,000/month.

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beds. baths. 8,400 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

John Juge
Highlands Residential Mortgage
jjuge@highlandsmortgage.com
(425) 275-1640
NMLS# 114272

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or Call Now: (425) 275-1640

1401 W Bertona Street, Seattle, WA 98119

$2,550,000

Active

est.$2,550,000/month.

Start My Approval

beds baths 8,400 Sq.ft.

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Property details for 1401 W Bertona Street, Seattle, WA 98119

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.

Broker details: Paragon Real Estate Advisors

Listed by: Michael Urquhart
Co-listing Broker: Paragon Real Estate Advisors
Co-listing Agent: Ben Douglas

Property Description

MLS Information

Listing: 2531266
Listing Last Modified: 2026-06-01

Property Details

Standard Status: Active
MLS Status: Active
Built in: 1925
Subdivision: Queen Anne

Geographic Data

County: King
MLS Area: Queen Anne
Directions: From 15th Ave W, head west on W Dravus St, turn right onto 14th Ave W, then left onto W Bertona St. The building is at the corner of 14th Ave W and W Bertona St on your left.

Features

Interior Features

Flooring: Laminate, Vinyl

Exterior Features

Roof type: Flat
Foundation: Block

Parking

Utilities

Water: Public
Heating: Electric, Forced Air

Property Information

Tax Information

Tax Annual Amount: $23,139

The Griffin Realty Group Seattle

1401 W Bertona Street, Seattle, WA 98119