401 NE 40th ST new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98105
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