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Listed by: Dan Swanson (425) 444-6501 | Kidder Mathews (360) 705-2800
$4,600,000
Monthly Est:$22,896
21 Beds
18 Baths
15,433sqft
401 NE 40th Street, Seattle, WA 98105
$4,600,000
$22,896/moEst:
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Multi Family
Built in 1964
$-- HOA
10,664 sqft lot
$298/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 2:22 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2433143
Property Details
Status
Pending
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1964
HOA Fees
-
Finished Area
15,433 sqft
Lot Size
10,664 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2433143
MLS Status
Pending
Days on Market
387
Cumulative Days on Market
336
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 21
Bathrooms: 18
Interior
Cooling
None
Heating
Baseboard
Sewer
Sewer Connected
Exterior Features
Brick, Stucco, Wood
Construction
Year Built
Year Built: 1964
Home type
Multi Family
Roof
Flat
Construction Materials
Brick, Stucco, Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Subdivision Name
Wallingford
Price History
| Date | Event | Price |
|---|---|---|
06/03/2026 Source: | Pending | $4,600,000 $298/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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 is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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