401 NE 40th St Seattle, WA 98105
Wallingford NeighborhoodEstimated payment $28,092/month
Highlights
- Lake View
- 0.24 Acre Lot
- No HOA
- Green Lake Elementary School Rated A-
- Corner Lot
- 4-minute walk to University District P-Patch Community Garden
About This Home
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: Northwest Multiple Listing Service (NWMLS)
MLS#: 2433143
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $44,158
Year Built
- Built in 1964
Lot Details
- 10,664 Sq Ft Lot
- Corner Lot
Parking
- Open Parking
Property Views
- Lake
- City
- Canal
- Territorial
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Wood Siding
- Stucco
Interior Spaces
- 15,433 Sq Ft Home
- 3-Story Property
- Thermal Windows
Bedrooms and Bathrooms
- 21 Bedrooms
- 18 Bathrooms
Schools
- Green Lake Elementary School
- Hamilton Mid Middle School
- Lincoln High School
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Wallingford Subdivision
Listing and Financial Details
- Assessor Parcel Number 4206900915
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $53,050 | $5,102,000 | $2,772,600 | $2,329,400 |
| 2024 | $46,503 | $4,805,000 | $2,772,600 | $2,032,400 |
| 2023 | $49,083 | $5,604,000 | $2,772,600 | $2,831,400 |
| 2022 | $50,714 | $5,796,000 | $2,559,300 | $3,236,700 |
| 2021 | $55,306 | $5,527,000 | $2,559,300 | $2,967,700 |
| 2020 | $54,799 | $5,748,000 | $2,559,300 | $3,188,700 |
| 2018 | $45,513 | $5,132,000 | $1,812,800 | $3,319,200 |
| 2017 | $39,990 | $4,608,000 | $1,546,200 | $3,061,800 |
| 2016 | $35,369 | $4,181,000 | $1,546,200 | $2,634,800 |
| 2015 | $29,985 | $3,601,000 | $1,546,200 | $2,054,800 |
| 2014 | -- | $3,116,000 | $1,226,300 | $1,889,700 |
| 2013 | -- | $2,896,000 | $1,226,300 | $1,669,700 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2433143
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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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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