Listing Provided Courtesy Of:
Keller Williams Realty Bothell and NWMLS
1812 N 40th st Seattle, WA
$ 1,299,500
Property Attributes
  • ID#1850809
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodWallingford
  • Zip98103
  • StyleTri-plex
  • Year Built1923
  • Taxes$ 7730
  • Price$ 1,299,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2670
  • Lot Size2,879 SqFt
Listing Provided Courtesy Of:
Keller Williams Realty Bothell and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Investor Alert! 5.81% Cap Rate Triplex opportunity in the heart of Wallingford! Never a vacancy & never a missed rent payment! Leases good thru 8/31/22 Ea unit consists of 3 bed 1 bath approx. 890sf. Off street parking. Completed major upgrades include new water line from the street, all new plumbing, new sewer line, electrical updated and balanced, new storage unit with common W/D, new roof, windows & gutters, new concrete driveway & sidewalk, new patio w/ fire pit, BBQ, new toilets & sinks, garbage disposals, new granite counter tops & new flooring in some areas. Excellent location near the University of Washington, Green Lake, Gas Works, Burke-Gilman Trail. Walking distance to the waterfront, shops & restaurants. Walking score of 92.

Price History
10/8/2021 Listed $1,299,500

General Features

Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions I5 head W. North on 45th St. South on Wallingford Ave N. East on N. 40th Street.
Exterior Features Wood
Flooring Softwood, Vinyl
High School District Seattle
Insurance Expense 971
Leasable Area 2670
Lot Size Square Feet 2880
MLS Area 705 - Ballard/Greenlak
Net Operating Income 75503
New Construction No
Open Parking Spaces 3
Possession Closing
Possible Use Multi-Family
Property Style 53 - Tri-plex
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 40th st
Structure Type Triplex
Subdivision Name Wallingford
Tax Annual Amount 7730
Tax Year 2021
Terms Cash Out, Conventional, FHA, VA Loan
Total Units 3
Units Below Grade true
Units In Building Total 3
Utilities Sewer Connected, Electricity Available
View Territorial
Water Company Seattle
Water Sewer Garbage 7200
Year Built 1923
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Total Stories 3

Exterior Features

Building Area Total 2670
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.0661
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 3
Total Parking 3
View Y/N Yes
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98103

AVG $1.73M
AVG $13,100
AVG 52
Year Built
AVG 1956
AVG 83
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.