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401 NE 40th Street, Seattle, WA 98105

Seattle
Local realty services provided by:CENTURY 21 Tri-Cities
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:March 12, 2026 at 03:43 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
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish, Stucco Exterior Finish, Wood Exterior Finish

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)

Parking

  • Total parking spaces:20
  • Parking description:Uncovered Space(s) : 14
  • Carport spaces:6
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 12, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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