401 NE 40th Street, Seattle, WA 98105

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: dan swanson
Office: kidder mathews
MLS#:2433143
Source:NWMLS
401 NE 40th Street,Seattle, WA 98105
$4,600,000
  • - Beds
  • - Baths
  • 15,433 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,600,000
  • Price per sq. ft.:$298.06

About this home

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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Home facts

  • Year built:1964
  • Listing ID #:2433143
  • Updated:December 17, 2025 at 10:43 PM

Rooms and interior

  • Living area:15,433 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1964
  • Building area:15,433 sq. ft.
  • Lot area:0.24 Acres

Schools

  • High school:Lincoln High
  • Middle school:Hamilton Mid
  • Elementary school:Green Lake

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,600,000
  • Price per sq. ft.:$298.06
  • Tax amount:$44,158 (2025)
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