Pending · Residential Income

401 NE 40th Street , Seattle, WA 98105

Seattle, WA 98105

$4,600,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2433143 · Pending

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About this property

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.

Property details

Property type: Multi Family
Year built: 1964
Lot size: 10,664 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $44,158 (2025)
School district: Seattle

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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