840 W Nickerson Street, Seattle, WA 98119, Seattle, 98119 - 0 bed, 0 bath
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840 W Nickerson Street
Seattle, WA 98119
ACTIVE
CONDITION: FAIR
0Beds
0Baths
6,921Sq Ft
6,570Lot Size
Property Price
LIST PRICE$2,595,000
EST. MARKET VALUE
$2,595,000
SUMMARY
Marine Vista represents a High-Potential Investment Opportunity, currently listed at a List Price of $2,595,000, which aligns with the $2,595,000 Fair Market Value. This 11-unit Residential Income asset features a Condition Rating of 4, signaling a clear path for strategic interior renovations to capture rental upside. With its panoramic view of the Lake Washington Ship Canal and proximity to the Fremont tech hub, the property is positioned for long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a supply-constrained Seattle asset.
Estimated Market Value
$2,595,000
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 840 W Nickerson Street Subject 0 bd · 0 ba · 6,921 sqft · $375 | $2,595,000* List Price | 0 | 0 | 6,921 | $375 | - |
A 1401 W Bertona Street Active 0 bd · 0 ba · 5,895 sqft · $411 · 0.4 mi | $2,425,000 List Price | 0 | 0 | 5,895 | $411 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, this 11-unit property is well-maintained but dated. While the exterior has been refreshed and bathrooms show partial updates (vanities/fixtures approx. 10-20 years old), the listing explicitly identifies a 'value-add' opportunity for interior renovations and modern amenity upgrades, indicating systems and finishes are beyond their prime lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Strategic Location
Situated in the supply-constrained North Queen Anne submarket, the property is within walking distance to Seattle Pacific University and the Fremont tech hub, ensuring a consistent and high-quality tenant base.
- Significant Value-Add Potential
The offering presents a clear opportunity for strategic interior renovations and modern amenity upgrades, allowing a new investor to capture substantial rental upside and align the property with top-of-market competitors.
- Desirable Maritime Views
Overlooking the Lake Washington Ship Canal, the property offers unique maritime charm and scenic views that enhance resident retention and provide a competitive edge in the local rental market.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1960, the property likely requires significant capital expenditure for modernization of major systems and structural components to meet contemporary standards.
- Extended Market Duration
With 170 days on the market and a recent $200,000 price reduction, the property may face perception challenges regarding its initial valuation or underlying investment fundamentals.
About 840 W Nickerson Street
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
Public Facts
- Property Type
- Residential Income
- Year Built
- 1960
- Lot Size
- 6,570 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,921 | 5,554.5 |
| Lot Size | 6,570 | 10,915.5 |
| Price | $2.60M | $2.88M |
| Price per sq ft | $375 | $491 |
| Built year | 1960 | 1961 |
| HOA | $0 | $0 |
| Days on market | 185 | 124 |
Pricing History
Listed for Sale
Oct 9, 2026
$2,595,000
$2,795,000
-7% Price Drop
Initial Listing
Price Change
Apr 22, 2026
$2,795,000
Initial Listing