401 NE 40th Street · Seattle, WA 98105
Source: NWMLS · Kidder Mathews · Dan Swanson #NWM2433143
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 3 stories
- Year built
- 1964
- Building area
- 15,433 sq ft
- Lot size
- 10,664 sq ft (0.24 acres)
- County
- King
- MLS #
- NWM2433143
Interior
- Heating
- Baseboard
- Cooling
- None
Exterior & lot
- Exterior features
- Brick, Stucco, Wood
- Roof
- Flat
- Lot features
- Corner Lot, Curbs, Paved, Sidewalk
- View
- Canal, City, Lake, Territorial
- Waterfront
- No
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Wallingford
- Property tax
- $44,158 (2025)
Transaction
- Listed on
- Sep 12, 2025
- Days on market
- 214
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Seattle
- Elementary
- Green Lake
- Middle
- Hamilton Mid
- High
- Lincoln High SchoolSchoolDigger 5 stars · Top 3% in WA
Listing provided courtesy of: Kidder Mathews
Listing agent: Dan Swanson.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-06-03.