Using a combination of density functional theory calculations with an on-site Coulomb repulsion term (DFT+) and Boltzmann transport theory within the constant relaxation time approximation, we explore the effect of oxygen vacancies on the electronic, magnetic, and thermoelectric properties in ultrathin (LaNiO)/(LaAlO)(001) superlattices (SLs). For the pristine SL, an antiferromagnetic charge-disproportionated (AFM-CD) ({})() phase is stabilized, irrespective of strain. At = 0.125 and 0.25, the localization of electrons released from the oxygen defects in the NiO plane triggers a charge-disproportionation, leading to a ferrimagnetic insulator both at (tensile strain) and (compressive strain). At = 0.5, an insulating phase emerges with alternating stripes of Ni (high-spin) and Ni (low-spin) and oxygen vacancies ordered along the [110] direction (S-AFM), irrespective of strain. This results in a robust -type in-plane power factor of 24~W/K cm at and 14~W/K cm at at 300~K (assuming relaxation time ~fs). Additionally, the pristine and = 0.5 SLs are shown to be dynamically stable. This demonstrates the fine tunability of electronic, magnetic, and thermoelectric properties of ultrathin nickelate superlattices by oxygen vacancies.

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