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Upgraded Triplex with Off-Street Parking
For Sale
Contact for pricing
Pending

1812 N 40th St, Seattle, WA 98103

Each unit offers 3 bedrooms and 1 bathroom with off-street parking for three vehicles.

Property SizeContact for details
Days on Market131

Property Features for 1812 N 40th St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Crain Real Estate
Listed By: Corey Crain · License #WA 26492
Source: Crexi
Added: Apr 12 Changed: Aug 13 Last Checked: Aug 20 at 2:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crain Real Estate

Investment Insights

Based on property information with market context.

This upgraded triplex includes three 3-bedroom, 1-bath units, each approximately 890 square feet. The property provides off-street parking for three vehicles. Building improvements and systems updates referenced in the offering include a new water line from the street, all new plumbing, a new sewer line, and electrical updates with balancing. Additional upgrades include a new roof and gutters, new concrete driveway and sidewalk, and a new storage unit with common washer and dryer. The unit interiors described include new toilets and sinks, garbage disposals, granite countertops, and new flooring in some areas. Common outdoor amenities noted include a new patio with a fire pit and BBQ.

The property is located near the University of Washington, Green Lake, Gas Works, and the Burke-Gilman Trail, with easy access to I-5, 520, and Hwy 99. The remarks also indicate walking distance to the waterfront, shops, and restaurants.

The offering states leases are in place and remain good through 8/31/22, with the units described as pre-leased about a year in advance.

Key Highlights

  • Triplex in Wallingford with each unit offering 3 bedrooms and 1 bathroom (approx. 890 SF per unit).
  • Off‑street parking for 3 vehicles.
  • Completed major upgrades include new water line from the street, all new plumbing, and new sewer line.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Barber Shop HVAC Service Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,911
Businesses Nearby

Demographics for 98103, WA

53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Each unit offers 3 bedrooms and 1 bathroom with off-street parking for three vehicles.
Where is this triplex located?
The property is located at 1812 N 40th St Seattle, WA.
What are key features of this property?
This property features: Triplex in Wallingford with each unit offering 3 bedrooms and 1 bathroom (approx. 890 SF per unit).; Off‑street parking for 3 vehicles.; Completed major upgrades include new water line from the street, all new plumbing, and new sewer line.
(425) 482-6100 Call to check price and availability
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