401 NE 40th Street Seattle, WA 98105
401 NE 40th Street
Seattle, WA 98105
$4,600,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
A well maintained Multi-family asset in Seattle's walkable Wallingford neighborhood, one of the city's most coveted communities. Situated on a corner lot, the property is steps away from Lake Union, Gas Works Park and Burke Gilman Trail. On the market for the first time, featuring 15 units averaging 828 square feet. Most units offer views of Lake Union and all features large balconies. Secure entry, durable copper supply plumbing, cast iron drains and updated Square D electrical subpanels. 20 parking spaces (6 covered) large resident storage room and common laundry on two floors. A 5.3% cap rate on rents as of February 2026 (increase notice already sent) and current expenses with upside.
Property Features
Community: Wallingford
10+ Units
View: Canal
View: City
View: Lake
View: Territorial
Exterior: Brick
Exterior: Stucco
Exterior: Wood
Roof: Flat
Year Built: 1964
2025 Taxes: $44158.00
Buyer Broker Comp.: 1.5%
Listing #: 2433143
Lot Details
Lot Size: 0.24 acres
Corner Lot
Curbs
Paved
Sidewalk
No. of Units: 15
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Storage
Thermal Windows
Schools
District: Seattle
Elem: Green Lake
Middle: Hamilton Mid
High: Lincoln High
Call or Email:
Grace Wamwere
What's Near 401 NE 40th Street Seattle, WA 98105?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of Kidder Mathews
