- 0
- 1
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
No HOA
Street View
Listed by: Michael Urquhart (206) 812-9123 , Ben Douglas (206) 658-7247 | Paragon Real Estate Advisors (206) 623-8880
$2,425,000
Monthly Est:$12,070
12 Beds
8 Baths
5,895sqft
1401 W Bertona St, Seattle, WA 98119
$2,425,000
$12,070/moEst:
Get Pre-Approved
Multi Family
Built in 1925
$-- HOA
8,400 sqft lot
$411/sq.ft
Description
The asset delivers a 6.15% current cap rate on day one providing 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, the building has a new Durolast roof, and received a full exterior refresh (paint, lighting, and signage) within the last three years. The building consists of six renovated units including four 2BD/1BTH residences, one 1BD/1BTH, and one 1BD+Den/1BTH and two original 1BD/1BTH units currently occupied by long-term tenants paying below-market rents. The two original units represent significant upside for a new owner to bring these final two units to the same finish level and rent tier as the rest of the building, without touching the renovated units or any stabilized income. In-place renovated rents at Fairseas already reach $1,800 on the one bedroom, validating the finish level and rental capability. The property sits on an 8,400 square foot LR3 RC (M) zoned lot with 12 on-site parking stalls in a walkable North Queen Anne location: 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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:38 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2531266
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1925
HOA Fees
-
Finished Area
5,895 sqft
Lot Size
8,400 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2531266
MLS Status
Active
Days on Market
122
Cumulative Days on Market
122
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Interior
Flooring
Laminate, Vinyl
Exterior Features
Brick, Wood Products
Sewer
Sewer Connected
Heating
Forced Air
Cooling
None
Construction
Year Built
Year Built: 1925
Home type
Multi Family
Roof
Flat
Foundation Details
Block, Poured Concrete
Construction Materials
Brick, Wood
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Queen Anne
Price History
| Date | Event | Price |
|---|---|---|
06/01/2026 Source: | Price Increased | $2,550,000 +5.15% $433/sqft |
06/01/2026 Source: | Listed for Sale | $2,425,000 $411/sqft |
Nearby Homes
Find Homes by Property Features in Seattle, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC