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401 NE 40th Street Seattle, WA $ 4,600,000
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$ 4,600,000 Get more info
401 NE 40th Street
$ 4,600,000
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Share Save

401 NE 40th Street

Seattle, WA, 98105
$ 4,600,000
Baths0.0 Sq 15,433

Monthly Estimate*

$ 28,698

Listed by Kidder Mathews
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Studio

Multi-Family Home for sale in Seattle, WA

for $4,600,000. This 15,433 square foot home was built in 1964 on a lot size of 0.2448.

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.

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Multi-Family Active

Price

$ 4,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 44,158

Style

10+ Units

Lot Size

0.2448

Year Built

1964

Town/City

Seattle

County/Region

King

MLS | Web ID

2433143
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Flat
HOA Fee 0
Year Built 1964
View Canal City Lake Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 243444
Insurance Expense 3278
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Wallingford
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Property is located on the triangular shaped land between NE Pacific St NE 40th St and 4th Ave NE.
High School Lincoln High
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Open Parking Spaces 14
Number Of Units Total 15
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 10664
Carport Spaces 6
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Green Lake
Tax Annual Amount 44158
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Hamilton Mid
Public Remarks 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
Leasable Area 14238
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage Thermal Windows
Units Below Grade false
Units In Building Total 15
Water Sewer Garbage 21334
Property Style 56 - 10+ Units
Cap Rate 5.29
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Exterior
Exterior Amenities Brick Stucco Wood
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 20
Building Area Total 15433
Lot Size Acres 0.2448
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 14
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Interior
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2433143
Street Number 1 401
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* Excluded Features
List By
Dan Swanson

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$32,378
Per Month
89%
11%
0%
Monthly Principal & Interest
$28,698
Monthly Property Taxes
$3,680
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256588 Elementary School
257475 Middle School
Lincoln High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/12/2025$4,600,000 Listed Price

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401 NE 40th Street, Seattle, WA, 98105 is a Multi-Family Home for sale at $4,600,000 with 15,433 sqft and a lot size of 0.2448. 401 NE 40th Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 98105 which is in Seattle, WA

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