www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31687154
31810226

840 W Nickerson St, Seattle, WA 98119

AW
WA 22001097
Pacific Crest Realty
Listed by Pacific Crest Realty
$3,000,000
43 days on market
Updated 42 days ago

Marine Vista

Details
APN 744300-1180
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,461
Net Rentable (SqFt) 6,921
Units 11
Cap Rate 5.2%
NOI $156,113
Occupancy 100%
Pro-Forma Cap Rate 5.74%
Pro-Forma NOI $172,063
Price per SqFt $433
Class C
Year Built 1960
Buildings 1
Stories 2
Lot Size (SqFt) 6,570
Zoning LR3 (M)
Investment Type Value Add
Sale Condition For sale by owner

Prime Location: Exceptional rental property, only two blocks from Seattle's iconic Green Lake Park

Marketing description

Pacific Crest Real Estate is pleased to be the exclusive listing agent for 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.

Investment highlights

  • Premier Value-Add opportunity
  • Direct Views of Lake Washington
  • Ship Canal
  • Walking Distance to Seattle Pacific
  • University
  • Access to major bus lines and
  • Burke-Gilman Trail
  • Dedicated off-Street Parking
  • Desirable unit mix

Listing Contacts

AW
WA 22001097
Pacific Crest Realty
Listed by Pacific Crest Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,113.00
$13,009.42/mo

Valuation Metrics

0
DSCR
5.2%
Cap Rate
5.2%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Alan Wileman
License
22001097
Brokerage
Pacific Crest Real Estate
Brokerage Phone
2066900151
Title
Investment Sales Associate
Brokerage Address
200 1st Avenue West
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591