401 NE 40th St
Seattle WA 98105
Golden Manor
401 NE 40th St Seattle WA 98105
Listing #: 702401 | Status: Available | Last Modified: 12/1/2025 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,600,000.0
- $/SF$ 370.4
- $/Unit$ 4,600,000.0
- Listing StatusAvailable
- Days on Market85
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income362,132
- Vacancy Factor %5.24%
- Operating Expenses118,689
- Net Operating Income224,467
- CAP Rate 5.29 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.29 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units15
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12420
- Net Rentable Area12420
- Total Office SF
- Largest Contiguous SF
- Lot SF10664
- Acres0.24
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #4206900915
- Additional Parcels
- ZoningLR3 (M)
- # Covered Spaces6
- # Uncovered Spaces14
- Total Parking Spots20
- Parking Ratio
- Year Built1964
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Trophy View Property in Wallingford
A well-maintained multifamily asset in Seattle’s walkable Wallingford neighborhood, one of the city’s most coveted communities. Situated on a corner lot, the property is steps 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 feature 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.
