MLS: #NWM2433143, Listed By: Dan Swanson, Kidder Mathews, Source:NWMLS - Northwest Multiple Listing Service
401 NE 40th Street
Seattle, WA 98105
0
Bed
0
Bath
15,433Sqft
0.24Acre(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatRoofing Information
Flat -
Flooring Information
Construction Materials: Brick, Stucco, Wood -
Heating & Cooling
Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1964 -
Exterior Features
Brick, Stucco, Wood Construction Materials: Brick, Stucco, Wood
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Lot Information
Lot Description: Corner Lot, Curbs, Paved, Sidewalk Lot Square Feet: 10664 Lot Acres: 0.2448Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$4600000
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Tax Information
Annual Tax: $44158 Tax Year: 2025 Parcel Number: 4206900915
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Parking Information
Open Parking Spaces: 14
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School Information
Elementary School: Green Lake Junior High School: Hamilton Mid Senior High School: Lincoln High -
Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Wallingford City: Seattle Direction: Property is located on the triangular shaped land between NE Pacific St, NE 40th St and 4th Ave NE.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6555 NE Windermere Road, Seattle, WA, 98105 | $4,688,000 | 3 | 4 | 2,930 | 2,930 SqFt |
| 5757 64th Avenue, Seattle, WA, 98105 | $3,195,000 | 5 | 4 | 4,630 | 4,630 SqFt |
| 5632 NE 55th Street, Seattle, WA, 98105 | $5,500,000 | 5 | 6 | 6,755 | 6,755 SqFt |
| 5810 57th Avenue, Seattle, WA, 98105 | $879,000 | 2 | 2 | 990 | 990 SqFt |
| 5506 NE Penrith Road, Seattle, WA, 98105 | $5,250,000 | 5 | 6 | 4,620 | 4,620 SqFt |
| 4502 55th Avenue, Seattle, WA, 98105 | $10,000,000 | 5 | 6 | 6,488 | 6,488 SqFt |
| 4529 E Laurel Drive, Seattle, WA, 98105 | $2,625,000 | 5 | 3 | 3,290 | 3,290 SqFt |
| 5027 48th Avenue, Seattle, WA, 98105 | $3,750,000 | 7 | 4 | 4,800 | 4,800 SqFt |
| 5106 47th Avenue, Seattle, WA, 98105 | $1,175,000 | 4 | 2 | 2,150 | 2,150 SqFt |
| 5113 47th Avenue, Seattle, WA, 98105 | $2,850,000 | 4 | 4 | 3,400 | 3,400 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 06:20
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