401 NE 40th Street

Seattle, WA 98105

  • Bed

  • Bath

  • 15433 SqFt

  • 55 DOM

  • Built: 1964

  • Status: Active

$4,600,000

X

401 NE 40th Street

Seattle 98105

$4600000

  • Bed

  • Bath

  • 15433 SqFt

  • 55 DOM

  • Built: 1964

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 15433

  • Flat

  • 56 - 10+ Units

  • 1964

  • Coin Op Laundry, Stor

Features and Utilities

  • Brick, Stucco, Wood

  • Public

  • Sewer Connected

  • 0

Financial

  • 44158

  • Cash Out, Conventional

  • 09-12-2025

Comparable Information

  • 55

  • 55

  • Cash Out, Conventional

  • $4,600,000

  • $4,600,000

  • Sep 12, 2025 21:41

Schools

Elementary : Green Lake N/A Ratings
Middle : Hamilton Mid N/A Ratings
High : Lincoln High N/A Ratings

Map

Listing courtesy of Kidder Mathews.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Nov 06, 2025 22:25 | Listing last modified Sep 12, 2025 21:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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