$4,600,000

401 NE 40th Street, Seattle, WA 98105

Multi-Family Home
Built in 1964
10,663sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

This listing courtesy of Dan Swanson, Kidder Mathews

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.

Listing Status:: Active
Listing Office:: Kidder Mathews : 360-705-2800
Listing Agent:: Dan Swanson : 360-705-2800
MLS ID:: 2433143

A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0
Eco/Green Feature: Thermal Windows

General: BrickStuccoWood
Parking: Parking spaces: 20

Roofing: Flat
General: 56 - 10+ Units

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Seattle
County: King

Zoning: 4206900915
View: CanalCityLakeTerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Dan Swanson, Kidder Mathews

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

John Stanford International School

4057 5th Ave NE, Seattle, WA, 98105

Grades KG-5

0.12 miles away

Hamilton International Middle School

1610 N 41st St, Seattle, WA, 98103

Grades 6-8

0.66 miles away

Lincoln High School

4400 Interlake Ave N, Seattle, WA, 98103

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.