650 W Bertona St
- Fully Vacant at Closing: Lease all 7 units at market rents immediately with full control over tenant selection and no inherited lease obligations.
- Comprehensively Updated: New building envelope, roof, plumbing, electrical, and flooring throughout allow a new owner to focus capital on light interior finishing rather than deferred maintenance.
- Standout Top Floor Unit with Canal Views: A large private deck and canal views make the penthouse unit a compelling owner-occupant opportunity or a premium rental commanding top-of-market rents.
Property Description
The Lee & Associates Northwest Multifamily Team is 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,600,000 |
| No. of Units: | 7 |
| Year Built: | 1958 |
| Lot Size: | 0.09 Acres |
| Opportunity Zone: | No |
| Price per unit: | $228,571 |
| Property Website | Click Here |
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