WA > Seattle > Wallingford
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
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Justin Cicero

Justin Cicero

+1(425) 686-9449
Listed by Kidder Mathews
$ 4,600,000
Est. payment | /mo

21 Beds

18 Baths

15,433 SqFt

Save
$ 4,600,000
Est. payment | /mo
Save

21 Beds

18 Baths

15,433 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,433 sqft

Price per Sqft $298

Subdivision Wallingford

MLS Listing ID 2433143

Style 56 - 10+ Units

Bedrooms 21

Year Built 1964

Annual Tax Amount $44,158

Lot Size 10,664 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 705 - Ballard/Greenlake

Interior

Fireplace false

Exterior

Exterior Feature Brick, Stucco, Wood

View Y/N Yes

View Canal, City, Lake, Territorial

Roof Type Flat

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Green Lake

Middle Schools Hamilton Mid

High Schools Lincoln High

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

GET MORE INFORMATION

Justin Cicero
Justin Cicero

Managing Broker | License ID: 49897

+1(425) 686-9449 | justin@nwluxury.homes

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401 NE 40th ST

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