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.
Pending
Listed by: Kidder Mathews • Dan S. Swanson
$4,600,000
401 NE 40th Street, Seattle, WA 98105
21beds
18baths
15,433sqft
Multi Family
Built in 1964
-- sqft lot
$4,128,000 Zestimate®
$298/sqft
$-- HOA
What's special
Views of lake unionCorner lotLarge balconies
- 350 days
- 16
- 1
Zillow last checked:
Listing updated:
Listed by:
Dan S. Swanson,
Kidder Mathews
Source: NWMLS as distributed by MLS GRID,MLS#: 2433143
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 18
Heating
- Baseboard, Electric
Cooling
- None
Features
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 15,433
- Total interior livable area: 15,433 sqft
Property
Parking
- Total spaces: 20
- Parking features: Open
- Carport spaces: 6
- Uncovered spaces: 14
Features
- Has view: Yes
- View description: Canal, City, Lake, Territorial
- Has water view: Yes
- Water view: Canal,Lake
Lot
- Size: 10,663 Square Feet
- Features: Corner Lot, Curbs, Paved, Sidewalk
Details
- Parcel number: 4206900915
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Brick, Stucco, Wood Siding
- Roof: Flat
Condition
- Year built: 1964
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Wallingford
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $298/sqft
- Annual tax amount: $44,158
- Date on market: 10/31/2025
- Cumulative days on market: 302 days
- Listing terms: Conventional
Estimated market value
$4,128,000
$3.88M - $4.38M
$2,263/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Pending sale | $4,600,000$298/sqft |
Source:  NWMLS as distributed by MLS GRID #2433143 Report a problem | ||
| 9/12/2025 | Listed for sale | $4,600,000$298/sqft |
Source: NWMLS as distributed by MLS GRID #2433143 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Wallingford
Nearby schools
Schools provided by the listing agent
- Elementary: Green Lake
- Middle: Hamilton Mid
- High: Lincoln High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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