Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
Seattle, WA 98105,401 NE 40th ST
24
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Listed by Kidder Mathews Dan Swanson 
$4,600,000
Est. payment /mo
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21 Beds
18 Baths
15,433 SqFt
Active

401 NE 40th ST Seattle, WA 98105

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Bradley Mulliner

Bradley Mulliner

+1(503) 858-2478

UPDATED:

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    John Hay Elementary School

    Public | KG - 5

  • 9

    Montlake Elementary School

    Public | KG - 5

  • 9

    Frantz Coe Elementary School

    Public | KG - 5

  • 9

    Bryant Elementary School

    Public | KG - 5

  • 9

    Thornton Creek Elementary School

    Public | PK - 5

  • 8

    McGilvra Elementary School

    Public | KG - 5

  • 8

    John Stanford International Elementary School

    Public | KG - 5

  • 8

    McDonald International Elementary School

    Public | KG - 5

  • 8

    West Woodland Elementary School

    Public | KG - 5

  • 8

    Wedgwood Elementary School

    Public | KG - 5

  • 7

    Tops K-8 School

    Public | PK - 8

  • 7

    B F Day Elementary School

    Public | KG - 5

  • 7

    Green Lake Elementary School

    Public | PK - 5

  • 7

    Daniel Bagley Elementary School

    Public | KG - 5

  • 7

    Greenwood Elementary School

    Public | PK - 5

  • 6

    Queen Anne Elementary School

    Public | KG - 5

  • 6

    Olympic View Elementary School

    Public | KG - 5

  • 5

    Madrona K-8 School

    Public | PK - 8

  • 4

    Stevens Elementary School

    Public | KG - 5

  • 4

    Cascade Parent Partnership Program

    Public | KG - 12

Middle Schools 10
  • 8

    Hamilton International Middle School

    Public | 6 - 8

  • 8

    Eckstein Middle School

    Public | 6 - 8

  • 7

    McClure Middle School

    Public | 6 - 8

  • 1

    Seattle World School

    Public | 6 - 12

  • 0

    Seattle Academy

    Private | 6 - 12

  • 0

    The Northwest School

    Private | 6 - 12

  • 0

    Billings Middle School

    Private | 6 - 8

  • 0

    University Preparatory

    Private | 6 - 12

  • 0

    Education Service Centers

    Public | 6 - 12

  • 0

    Brightmont Academy - Seattle Campus

    Private | 6 - 12

High Schools 8
  • 10

    Roosevelt High School

    Public | 9 - 12

  • 9

    The Center School

    Public | 9 - 12

  • 2

    Nova High School

    Public | 9 - 12

  • 0

    Sccc High School Completion

    Public | 9 - 12

  • 0

    Holy Names Academy

    Private | 9 - 12

  • 0

    Seattle Preparatory School

    Private | 9 - 12

  • 0

    Bishop Blanchet High School

    Private | 9 - 12

  • 0

    Middle College High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Bradley Mulliner

Bradley Mulliner

Managing Principal Broker- MORE Realty | License ID: 201206857

+1(503) 858-2478

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