Pending

Listed by: Kidder Mathews • Dan S. Swanson

$4,600,000

401 NE 40th Street, Seattle, WA 98105

21beds

18baths

15,433sqft

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Multi Family

Built in 1964

-- sqft lot

$4,111,000 Zestimate^®

$298/sqft

$-- HOA

What's special

Views of lake unionCorner lotLarge balconies

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.

293 days

22

0

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: 11/1/2025
Cumulative days on market: 244 days
Listing terms: Conventional

Estimated market value

$4,111,000

$3.86M - $4.36M

$2,114/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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Wallingford

Getting around

83 / 100

Very Walkable

77 / 100

Excellent Transit

85 / 100

Very Bikeable

Nearby schools

GreatSchools rating

9/10
John Stanford International Elementary School
Grades: K-5Distance: 0.1 mi
8/10
Hamilton International Middle School
Grades: 6-8Distance: 0.7 mi
10/10
Lincoln High School
Grades: 9-12Distance: 0.8 mi

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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