401 NE 40th St, Seattle, WA
21 bd · 18 ba · 15,433 sqft Multi-Family listed at $4,600,000, built in 1964 in the North Central neighborhood.
About this home
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.
Property details
- Price
- $4,600,000
- Bedrooms
- 21
- Bathrooms
- 18
- Interior
- 15,433 sqft
- Price / sqft
- $298
- Year built
- 1964
- Lot size
- 10,663 sqft
- Type
- Multi-Family
- Days on market
- 225
- Est. property tax
- $42,780/yr · $3,565/mo · 0.93% WA avg
Estimated monthly payment
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Price history
- Dec 2, 2025$4,600,000Relisted
- Sep 12, 2025$4,600,000Initial list price
Location
This home is located in Seattle, WA. Browse more Seattle listings on the Seattle market page or explore the full Seattle market report.
Home Intelligence
Neighborhood (zip 98105)
This neighborhood skews young (median age 24.3) and is primarily renter-occupied (32% owner-occupied). 38% hold a bachelor's degree; median household income is $75,214.
- Median income
- $75,214
- Median age
- 24.3
- Owner-occupied
- 31.8%
- Bachelor's degree
- 38.1%
- Census median home value
- $1,253,600
Source: US Census Bureau American Community Survey 5-year estimates.
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