$2,550,000
Est. $12,934/mo1401 W Bertona Street, Seattle, WA 98119
• Listed 2026-06-01•New today
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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.
Listed by Michael Urquhart • Paragon Real Estate Advisors
Listing updated: June 1, 2026 at 10:54am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2531266
5 recent nearby sales, priced between $130K and $399K.

$385,000Last sold price
1525 Nw 57th Street #316, Seattle, WA 98107

$399,000Last sold price
1545 Nw 57th Street #505, Seattle, WA 98107

$130,000Last sold price
1818 Westlake Avenue N #d1, Seattle, WA 98109
$15,485 per month
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Seattle is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 40 days.
$640,130 Sold
4 weeks ago
•Single Family
2611 3rd Avenue W, Seattle, WA 98119
8%
Under list
—
Days on market
0.8 mi
Distance
$929,000 Sold
5 weeks ago
3 bd•2 ba•~1,740 sq ft•Single Family
2016 14th Avenue W, Seattle, WA 98119
0%
Over list
—
Days on market
0.9 mi
Distance
$2,410,000 Sold
5 weeks ago
5 bd•1.5 ba•~3,270 sq ft•Single Family
807 W Armour Street, Seattle, WA 98119
2%
Under list
—
Days on market
0.5 mi
Distance
$1,020,000 Sold
6 weeks ago
4 bd•3 ba•~1,764 sq ft•Single Family
2538 14th Avenue W #a, Seattle, WA 98119
18%
Under list
—
Days on market
0.6 mi
Distance
$1,120,000 Sold
4 months ago
4 bd•1 ba•~1,710 sq ft•Single Family
2554 3rd Avenue W, Seattle, WA 98119
2%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated Jun 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.