Listing provided courtesy of Kidder MathewsNWMLSMLS# NWM2433143MLS Provider
  • 15 views

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.

Source: NWMLS, MLS#: NWM2433143

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  • Property Type
    Residential Income
  • Lot
    0.24 acres

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  • Median Age
    24
  • Population Density
    8,067
  • College Educated
    81%
  • Estimated Median Income
    $67,449
  • Estimated Total Home Owners
    5,615
  • Estimated Total Renters
    11,717
  • Owner / Renter Divide
    32% / 68%
  • Estimated Average Household Size
    2
  • Total Population
    52,290
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 401 NE 40th Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/3/2026Source: NWMLS Status Change
Pending
4/15/2026Source: NWMLS Status Change
Pending Feasibility
9/12/2025Source: NWMLS Added to Database
September 12, 2025