7-Unit Apartment
650 Bertona Street Seattle, WA 98119
650 Bertona Street, Seattle, WA, 98119
$1,600,000
For Sale
$1,600,000
Well-maintained 7-unit apartment property delivered fully vacant, with one-bedroom layouts, parking, and on-site laundry.
Property Size3,485 SF
Price / SF$459.11
Days on Market15
Property Features for 650 Bertona Street
General Information
- Standard status
- Active
- Size
- 3,485 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(206) 773-2694
Listed by
CANDICE CHEVAILLIER, CCIM
Source
Corcoran
Added: Jul 8 Updated: Jul 20 at 7:11PM Checked: Jul 22 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
Bertona Apartments is a 7-unit apartment building constructed in 1958. The property includes seven one-bedroom units with efficient layouts, plus 8 surface parking spaces. A dedicated common laundry and storage area supports daily tenant needs, and the building also includes a standout top-floor unit with a private deck.
The building is located in Seattle’s North Queen Anne area with access to Fremont, Ballard, Interbay, South Lake Union, and Downtown Seattle. It is also described as being near major employers including Apple, Anthropic, Meta, Google, Amazon, and Expedia.
Recent building improvements include a comprehensive capital improvement program in 2017 addressing building envelope repairs and plumbing upgrades, a full roof replacement in 2006, electrical upgrades in 2024, and new flooring throughout. The property is delivered fully vacant at closing, providing an immediately executable opportunity to lease or undertake light interior finishing.
The building is located in Seattle’s North Queen Anne area with access to Fremont, Ballard, Interbay, South Lake Union, and Downtown Seattle. It is also described as being near major employers including Apple, Anthropic, Meta, Google, Amazon, and Expedia.
Recent building improvements include a comprehensive capital improvement program in 2017 addressing building envelope repairs and plumbing upgrades, a full roof replacement in 2006, electrical upgrades in 2024, and new flooring throughout. The property is delivered fully vacant at closing, providing an immediately executable opportunity to lease or undertake light interior finishing.
Key Highlights
- 7‑unit apartment building built in 1958, delivered fully vacant at closing
- All units are 1‑bedroom layouts with dedicated common laundry and storage area
- 8 surface parking spaces included
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $31.80 |
| − Vacancy | −$3.9k | −$1.11 |
| EGI | $106.9k | $30.69 |
| − OpEx | −$48.1k | −$13.81 |
| NOI | $58.8k | $16.88 |
3,485 SF · lease $31.80/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$840.3K
$735.2K – $980.3K
NOI $58,819 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.4K – $1.22M
NOI $73,393 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 7-unit apartment property delivered fully vacant, with one-bedroom layouts, parking, and on-site laundry.
Where is this apartment building located?
The property is located at 650 Bertona Street Seattle, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7‑unit apartment building built in 1958, delivered fully vacant at closing; All units are 1‑bedroom layouts with dedicated common laundry and storage area; 8 surface parking spaces included
