Property Details
840 W Nickerson Street
Seattle, WA 98119
$3,000,000
Active
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Property Overview
Marine Vista — a premier 11-unit apartment community located at 840 W Nickerson St, Seattle, WA 98119. Situated in the highly sought-after North Queen Anne submarket, Marine Vista offers an exceptional location overlooking the Lake Washington Ship Canal, providing residents with a unique blend of maritime charm and urban convenience. This offering presents a rare opportunity to acquire a boutique asset in one of Seattle’s most resilient and supply-constrained neighborhoods. Marine Vista is ideally positioned within walking distance to Seattle Pacific University and the vibrant Fremont tech hub, ensuring a consistent and high-quality tenant base. The investment provides a clear path for a strategic value-add program. A new investor will have the ability to implement targeted interior renovations and modern amenity upgrades to capture significant rental upside, bringing the property in line with top-of-market competitors. With its irreplaceable location and strong fundamentals, Marine Vista is poised to deliver robust long-term appreciation and enhanced cash flow for a sophisticated investor.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Queen Anne
Listed
Apr 22, 2026
Financial Summary
Cap Rate
5.20%
Net Operating Income
$156,113
Gross Scheduled Income
$260,460
Gross Rent Multiplier
11.52
Total Expenses
$92,557
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
6,921
Leasable Area
6,921 sqft
Total Units
11
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,569 sqft
Year Built
1960
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1960
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Seattle
County
King
Coordinates
47.65335, -122.36869
Additional Information
Tax Year
2025
Annual Taxes
$24,512
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
