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Golden Manor

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Golden Manor

401 NE 40th St, Seattle, WA 98105
Multi-Family For Sale Available Cap Rate 4.88% Built 1964 3 floors Zoning: LR3 (M)
Asking Price
$4,600,000
Total Building12,420 SF
Available12,420 SF avail
Land10,664 SF land
Parking Total20
& Uncov.
MarketFremont/Ballard
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
304838
Listing ID
702401
Type
Multi-Family
Asset Class
Multi-Family
Zoning
LR3 (M)

Description

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.

Documents

Listing Courtesy of:

DS
Dan Swanson
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Seattle ZIP: 98105 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.