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1401 W Bertona Street, Seattle, WA 98119

(Active)
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Listed by: Michael Urquhart - Paragon Real Estate Advisors

1401 W Bertona Street, Seattle, WA 98119

$
Active
est.$2,550,000/month.
beds. baths. 8,400 Sqft.

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1401 W Bertona Street, Seattle, WA 98119

$2,550,000
Active
est.$2,550,000/month.
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
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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

    Disclaimer

    Based on information submitted to the MLS GRID as of Fri Jun 05 2026 (9.40 PM). IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. 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. The three tree icon represents listings courtesy of NWMLS.
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    Home Description

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