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Fourplex with Lower-Level Studio
For Sale
Contact for pricing
Pending

800 NE 40th St, Seattle, WA 98105

Well-maintained multifamily property with five units, including four one-bedrooms and a spacious lower-level studio.

Property SizeContact for details
Days on Market131

Property Features for 800 NE 40th St

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Additional Details

Multifamily Units 5

Amenities

shared laundry
on-site workshop
Listing Agency: Coldwell Banker Commercial Bain Associates Seattle
Listed By: Adam Weissman · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 20 at 5:25PM

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 Coldwell Banker Commercial Bain Associates Seattle

Investment Insights

Based on property information with market context.

This for-sale apartment building contains five units total: four one-bedroom apartments and a spacious studio unit on the lower level. The complex is described as being in excellent condition, with each home receiving updates and improvements on a rotating basis. Residents have access to shared laundry, and the property also includes an on-site workshop to support maintenance.

The building is located at the intersection of the University District, Wallingford, and Eastlake, with location noted along the Burke Gilman. During the current ownership, the complex has maintained 100% occupancy according to the provided remarks.

Each unit is described as receiving southern light, and all units have been updated and improved over time.

Key Highlights

  • 5‑unit multifamily property with four one‑bedroom units plus a spacious lower‑level studio
  • Reported 100% occupancy during the current landlord’s ownership
  • All units updated and improved on a rotating basis

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Nursing Home Home Appliance 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.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,445
Businesses Nearby

Demographics for 98105, WA

49,151
Population
20,582
Households
2.4
Avg Household Size
27
Median Age
77%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
12,934
Density / Sq Mi
$78,691
Median Household Income
$34,947
Median Earnings
$1,803
Median Rent
$1,261,100
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?
Apartment building - Well-maintained multifamily property with five units, including four one-bedrooms and a spacious lower-level studio.
Where is this apartment building located?
The property is located at 800 NE 40th St Seattle, WA.
What are key features of this property?
This property features: 5‑unit multifamily property with four one‑bedroom units plus a spacious lower‑level studio; Reported 100% occupancy during the current landlord’s ownership; All units updated and improved on a rotating basis
More about this property
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