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253-691-8561
Terrafin Real Estate
401 NE 40th Street, Seattle, WA 98105
- $4,600,000
- 15,433
- SqFt
Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com
- List Price
- $4,600,000
- Status
- PENDING
- MLS#
- 2433143
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1964
- Living Area
- 15,433
- Lot Size
- 10,664
- Acres
- 0.24
- Subdivision
- Wallingford
- Neighborhood
- Wallingford
- MLS Area Major
- Ballard/Greenlake
Property Description
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.
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Additional Information
- Amenities
- Coin Op Laundry, Storage, Thermal Windows
- Exterior Features
- Brick, Stucco, Wood
- Property Description
- 56 - 10+ Units
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Flat
- School District
- Seattle
- Elementary School
- Green Lake
- Middle School
- Hamilton Mid
- High School
- Lincoln High
- View
- Canal, City, Lake, Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.