1401 W Bertona Street, Seattle, WA 98119

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: michael urquhart, ben douglas
Office: paragon real estate advisors
MLS#:2531266
Source:NWMLS
1401 W Bertona Street,Seattle, WA 98119
$2,425,000
  • - Beds
  • - Baths
  • 5,895 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,425,000
  • Price per sq. ft.:$411.37

About this home

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...

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Home facts

  • Year built:1925
  • Subdivision & Development:Queen Anne
  • Listing ID #:2531266
  • Updated:October 21, 2026 at 12:32 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:$2,425,000
  • Price per sq. ft.:$411.37
  • Tax amount:$23,139 (2026)

Parking

  • Total parking spaces:12
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 21, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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