Overview

Highlights

• Pride of Ownership Asset – First time to market and well maintained by original ownership
• Attractive Units – Well designed 2bed 2bath and 1bed 1bath units averaging 923 sf and featuring private decks with peak-a-boo water views as well as in-unit laundry
• Significant Upside – Enhance returns via a light value add program
• Desirable Location – Coveted Queen Anne location with excellent connectivity to the Fremont, Old Town Ballard and South Lake Union

Description

The Lee & Associates Multifamily Team is pleased to present the Nickerson Nine. First time to market, this nine-unit building has been meticulously maintained by its original developer and represents a standout opportunity to acquire a well-positioned asset in Seattle’s Queen Anne neighborhood.

Comprising of six spacious 2-bedroom, 2-bath units and three 1-bedroom, 1-bath units, the property features thoughtfully designed and expansive unit layouts averaging over 900 sf per unit. Each unit is equipped with washer and dryers and feature private decks-some with water views. The 2 bedrooms include fireplaces and all top-floor units sport vaulted ceilings. With a thoughtful renovation strategy, focused on modernizing fixtures and finishes, Investors can unlock further rental upside and increase returns on the investment.

Situated in North Queen Anne, Nickerson Nine offers seamless access to major employment centers, vibrant cultural attractions, and key transit corridors. Queen Anne remains one of Seattle’s most sought-after areas, attracting professionals and stable renters who value walkability, convenience, and high-quality living spaces. Equally accessible, the area is also close to the popular Fremont neighborhood with employment and nightlife.

Bringing together thoughtfully designed units with distinct features, an attractive location, and clear value-add potential, Nickerson Nine presents an exceptional opportunity for investors seeking a stabilized asset with significant upside potential in one of Seattle’s most sought-after rental markets.

Location

Nickerson Nine is ideally located in Queen Anne, a neighborhood renowned for its distinctive residential character, featuring stately historic mansions, Victorian homes, and classic Craftsman houses, offering its residents a tranquil neighborhood setting with seamless access to employment, education and amenities. Positioned near the Fremont Cut, Nickerson Nine places tenants within minutes of Seattle’s leading tech employers, such as Meta, Apple, Amazon, and Google as well the educational institution of Seattle Pacific University.

Nearly equidistant from Old Ballard and Fremont, Nickerson Nine allows tenants to explore a wealth of dining, retail, and entertainment options in both vibrant neighborhoods, as well as in Queen Anne and Uptown. The scenic Ship Canal Trail and nearby green space provide excellent outdoor amenities, serving as a recreational outlet for biking and jogging while also providing and transit alternative for tenants.

With a central location offering a high quality of life and unmatched accessibility, Nickerson Nine is well-positioned as an investment opportunity. The property's appeal to professionals seeking proximity to major job centers, coupled with Queen Anne's enduring desirability and the region’s strong rental demand, makes it an attractive choice for long-term value appreciation and consistent tenant interest.

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