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    645 Nickerson St Seattle, WA 98119

    For Sale
    $3,100,000

    Nine-unit building in Seattle's Queen Anne neighborhood.

    Building Details

    Year built
    1988

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent CANDICE CHEVAILLIER, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nickerson Nine Apartment Building

    The Nickerson Nine presents an opportunity to acquire a nine-unit building in Seattle’s Queen Anne neighborhood. The property, maintained by its original developer, includes six 2-bedroom, 2-bath units and three 1-bedroom, 1-bath units. The units feature layouts averaging nearly 900 square feet per unit. Each unit is equipped with washer and dryers and private decks, some with water views. The 2-bedroom units include fireplaces, and all top-floor units have vaulted ceilings. Investors can modernize fixtures and finishes to increase returns on the investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.366555
    Latitude
    47.6518486

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit building in Seattle's Queen Anne neighborhood.
    Where is this apartment building located?
    The property is located at 645 Nickerson St Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Meticulously maintained 9-unit building in Seattle's Queen Anne neighborhood.; - Spacious units averaging nearly 900 sf, featuring a mix of 6 two-bedroom/two-bath and 3 one-bedroom/one-bath units.; - Each unit includes washer and dryer hookups and a private deck.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    645 Nickerson St Seattle, WA 98119
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