650 W Bertona Street, Seattle, WA 98119

$1,600,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Lee & Associates Commercial RE.

List Price
$1,600,000
Status
ACTIVE
MLS#
2550329
Days on Market
19
Style
55 - 5-9 Units
Building Condition
Very Good
Annual Tax Ammount
13837
Lot Size (sq ft)
4,000
Sewer
Sewer Connected

Property Description

We are pleased to present the Bertona Apartments, a 7-unit apartment community built in 1958 in Seattle’s coveted North Queen Anne neighborhood, delivered fully vacant at closing. This rare offering gives investors and owner-occupants the immediate ability to lease all units at current market rents, pursue targeted renovations, or both, with no inherited lease obligations. The building offers seven one-bedroom units with efficient layouts, 8 surface parking spaces, and a dedicated common laundry and storage area. The top floor unit is a standout, canal views and a large private deck make it an ideal owner-occupant penthouse or a premium rental commanding top-of-market rents. A comprehensive capital improvement program addressed building envelope repairs and plumbing upgrades in 2017, a full roof replacement in 2006, electrical upgrades in 2024, and new flooring throughout, allowing a new owner to direct capital toward light interior finishing rather than deferred maintenance. Positioned in North Queen Anne with seamless access to Fremont, Ballard, Interbay, South Lake Union, and Downtown Seattle, and within easy reach of Apple, Anthropic, Meta, Google, Amazon, and Expedia, the Bertona Apartments sit in one of Seattle’s most consistently in-demand rental submarkets. With a well-maintained building, a compelling owner-user opportunity, and a fully vacant delivery, this is an immediately executable opportunity to lease, reposition, and maximize returns from day one.

Additional Information

List Date
2026-07-07 21:58:11
Community
Queen Anne
Net Operating Income
$88,185
Gross Adjusted Income
$116,964
Gross Scheduled Income
$123,120
Total Monthly Income
$11,055
Insurance Expenses
$5,600
Water/Sewer/Garbage Expenses
$7,000
Gross Rent Multiplier
13
Total Expenses
$44,473
Cap Rate
5.51
Vacancy Rate
5
Total Number of Units
7
Unit Name
650
Potential Terms
Cash, Conventional
Year Built
1958
View
Canal, Territorial
Roof
Flat
Site Features
Deck
Other Expenses
18036
Energy Source
Electric
School District
Seattle
Total Monthly Income
$11,055
Gross Scheduled Income
$123,120
Vacancy Rate
5
Gross Adjusted Income
$116,964
Tax Year
2026
Insurance Expense
$5,600
W/S/G Expenses
$7,000
Total Expenses
$44,473
Net Operating Income
$88,185
Gross Rent Multiplier
13
Cap Rate
5.51
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks