Bought with Lee & Associates Commercial RE
$3,100,000
$3,100,000
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8,040 SqFt
SOLD DATE : 07/25/2025
Key Details
Sold Price $3,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,040 sqft
Price per Sqft $385
Subdivision Queen Anne
MLS Listing ID 2352232
Sold Date 07/25/25
Style 55 - 5-9 Units
Year Built 1988
Annual Tax Amount $25,969
Lot Size 8,800 Sqft
Property Sub-Type Multi Family
Property Description
First time to market, this 9-unit building has been meticulously maintained by its original developer & represents a standout opportunity to acquire a well-positioned asset in Queen Anne. Comprising of 6 large 2-bedroom, 2-bath units and 3 1-bedroom units, the property features thoughtfully designed units avg. over 900 sf/unit. Each unit is equipped with washer & dryers & feature private decks-some with water views. The 2 bedrooms include fireplaces & all top-floor units have vaulted ceilings. Bringing together thoughtfully designed units with distinct features, an attractive location, & clear value-add potential, Nickerson Nine presents an exceptional opportunity for investors seeking a stabilized asset with significant upside potential.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Amenities Available Deck, Sprinkler System
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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