$4,600,000
Pending

401 NE 40th Street

Seattle, WA 98105
Browse more homes in Seattle, WA
15,433
SqFt
1964
Built
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.
401 NE 40th Street
MORTGAGE CALCULATOR
$23,260
Estimate only — not a loan offer. Consult a lender for actual terms.

LISTING SNAPSHOT

Price$4,600,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)15,433 sqft
Lot Size0.2448 Acres
Year Built1964
MLS® Number2433143
StatusPending
Property Tax44158
HOA/Condo/Coop FeesN/A

GENERAL

Acres0.2448
Additional Property UseMulti-Family
Carport6
Number Of Stories3
Parking Spaces14
Property Sub TypeMulti Family
SqFt Total15433
UtilitiesSewer Connected
Water SourcePublic
ZoningMulti-Family

INTERIOR

HeatingElectric, Baseboard

EXTERIOR

Construction DetailsBrick, Stucco, Wood Siding
Lot FeaturesCorner Lot, Paved
RoofFlat
ViewCanal, City, Lake, Territorial
WaterviewCanal, City, Lake, Territorial

COMMUNITY

Association AmenitiesCoin Laundry, Storage
Financing Terms AvailableCash, Conventional
MLS Area705 - Ballard/Greenlake
School DistrictSeattle

SCHOOLS

School DistrictSeattle
Elementary SchoolGreen Lake
Middle SchoolHamilton Mid
High SchoolLincoln High

RECENT ACTIVITY

June 3, 2026Pending

Listing courtesy of Kidder Mathews

Courtesy of NWMLS
Listing courtesy of Dan Swanson of Kidder Mathews



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for 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. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-16 03:46 PM PDT

Comps

An estimate is not available for this listing.

Scroll to Top