LISTING DETAILS

Golden Manor

401 NE 40th St Seattle WA 98105

Listing #: 702401 | Status: Available | Last Modified: 12/1/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	362,132
Vacancy Factor %	5.24%
Operating Expenses	118,689
Net Operating Income	224,467
CAP Rate	5.29 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.292

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	15
Total Building SF	12,420 SF
Net Rentable Area	12,420 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	10,664 SF
Acres	0.24
Year Built	1964

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Fremont/Ballard
Tax ID #	4206900915
Zoning	LR3 (M)

Parking Information
#Covered Spaces	6
# Uncovered Spaces	14
Total Parking Spots	20

Trophy View Property in Wallingford

Public Comments

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.

Golden Manor
401 NE 40th St Seattle WA 98105

Listing #: 702401 | Status: Available | Listing Date: 9/11/2025 | Last Modified: 12/1/2025 | Email Listing

For Sale

Golden Manor

Listing Images