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About the Listing 128 - 38720
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.
Listing Highlights for 401 NE 40th St
Interior Details
- Bedrooms: 21
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick,Stucco,Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $44,158
- Taxes w/Assessments: N/A
- Tax/Property ID: 4206900915
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
401 NE 40th St Seattle, WA 98105
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