OFF MARKET

Listed by Corey Crain • Keller Williams Realty Bothell. Bought with WPI Real Estate Services, Inc.

Off market jan 2022 for $1.2M

—

Est. refi paymentEst. refi $7,118/mo

—

•

— ba

•

2,670

sq ft

1812 N 40th St, Seattle, WA 98103

About this home

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.

Multi-familyProperty Type

1923Year Built

2,880 sq ftLot Size

$476Price/Sq.Ft.

3 spacesParking

Listed by Corey Crain • Keller Williams Realty Bothell

Bought with Tom Bates • WPI Real Estate Services, Inc.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1850809

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Wallingford, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.1%

0.0% MoM

Median sale price

$1.0M

$12K MoM

Avg. days on market

14d

1 days MoM

Recently sold homes

3 MoM

New listings for sale

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Provided by Redfin

Sale history for 1812 N 40th St

Date

Event

Price

Jan 24, 2022

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #1850809

$1,270,000

$476/sq ft

Jan 10, 2022

Pending

NWMLS as Distributed by MLS Grid #1850809

—

Nov 17, 2021

Relisted (Active)

NWMLS as Distributed by MLS Grid #1850809

—

Nov 16, 2021

Pending

NWMLS as Distributed by MLS Grid #1850809

—

Nov 14, 2021

Relisted (Active)

NWMLS as Distributed by MLS Grid #1850809

—

Oct 19, 2021

Pending

NWMLS as Distributed by MLS Grid #1850809

—

Oct 7, 2021

Listed (Active)

NWMLS as Distributed by MLS Grid #1850809

$1,299,500

$487/sq ft

Apr 15, 2015

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #735402

$588,500

$220/sq ft

Mar 11, 2015

Pending

NWMLS as Distributed by MLS Grid #735402

—

Feb 13, 2015

Pending (Pending Inspection)

NWMLS as Distributed by MLS Grid #735402

—

Jan 25, 2015

Listed (Active)

NWMLS as Distributed by MLS Grid #735402

$610,000

$228/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$10,340 (+25.3%)

$411,000 + $586,000

$997,000

2025

$8,252 (−1.7%)

$411,000 + $586,000

$997,000

2024

$8,397

$381,000 + $471,000

$852,000

2023

$8,392 (+6.7%)

$374,000 + $511,000

$885,000

2022

$7,865 (+1.7%)

$340,000 + $649,000

$989,000

2021

$7,732 (−0.4%)

$300,000 + $552,000

$852,000

2020

$7,765 (+8.2%)

$206,000 + $590,000

$796,000

2019

$7,177 (−0.9%)

$218,000 + $615,000

$833,000

2018

$7,239 (+13.5%)

$218,000 + $615,000

$833,000

2017

$6,376 (+7.4%)

$191,000 + $539,000

$730,000

2016

$5,936 (+17.4%)

$174,000 + $490,000

$664,000

2015

$5,055 (+3.0%)

$159,000 + $444,000

$603,000

2014

$4,907 (−7.9%)

$143,000 + $381,000

$524,000

2013

$5,329 (+3.5%)

$126,000 + $334,000

$460,000

2012

$5,151 (+8.0%)

$188,000 + $304,000

$492,000

2011

$4,771 (+7.0%)

$184,000 + $296,000

$480,000

2010

$4,460 (−10.3%)

$184,000 + $296,000

$480,000

2009

$4,972

$180,000 + $429,000

$609,000

Tax history for 1812 N 40th St

Year

Property tax

Land + Additions

Assessment*

2026

$10,340 (+25.3%)

$411,000 + $586,000

$997,000

2025

$8,252 (−1.7%)

$411,000 + $586,000

$997,000

2024

$8,397

$381,000 + $471,000

$852,000

2023

$8,392 (+6.7%)

$374,000 + $511,000

$885,000

2022

$7,865 (+1.7%)

$340,000 + $649,000

$989,000

2021

$7,732 (−0.4%)

$300,000 + $552,000

$852,000

2020

$7,765 (+8.2%)

$206,000 + $590,000

$796,000

2019

$7,177 (−0.9%)

$218,000 + $615,000

$833,000

2018

$7,239 (+13.5%)

$218,000 + $615,000

$833,000

2017

$6,376 (+7.4%)

$191,000 + $539,000

$730,000

2016

$5,936 (+17.4%)

$174,000 + $490,000

$664,000

2015

$5,055 (+3.0%)

$159,000 + $444,000

$603,000

2014

$4,907 (−7.9%)

$143,000 + $381,000

$524,000

2013

$5,329 (+3.5%)

$126,000 + $334,000

$460,000

2012

$5,151 (+8.0%)

$188,000 + $304,000

$492,000

2011

$4,771 (+7.0%)

$184,000 + $296,000

$480,000

2010

$4,460 (−10.3%)

$184,000 + $296,000

$480,000

2009

$4,972

$180,000 + $429,000

$609,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

2,880 Sq. Ft.

Year renovated

—

Sq. Ft.

2,670

Year built

1923

Style

Multi-Family (2-4 Unit)

County

King County

APN

408330 2070

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 5, 2026.

Property details

Parking

Parking Information
Parking Uncovered Spaces: 3
Open Parking Spaces: 3
Has Open Parking

Interior

Heating & Cooling
Has Heating

Interior Features
Interior Features: Fir/Softwood
Flooring: Softwood, Vinyl

Multi-Family Financial Information
Insurance Expense: $971
Other Expense: $1,500
Net Operating Income: $75,503
Gross Adjusted Income: 92904
Gross Scheduled Income: $94,800
Total Monthly Income: 7900
Gross Rent Multiplier: 7
Total Expenses: 17401

Multi-Unit Information
Units Below Grade: true
Units In Building Total: 3
Vacancy Rate: 2
# of Units (Total): 3
Furnished: Unfurnished

Exterior

Building Information
Roof: Composition

Exterior Features
Exterior Features: Wood

Property Information
Energy Source: Electric
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Has View

Land Information
Possible Use: Multi-Family

Lot Information
MLS Lot Size Source: Realist
Zoning Jurisdiction: City
Lot Features: Curbs, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.0661
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $7,730
Tax Year: 2021

Financial Information
Listing Terms: Cash Out, Conventional, FHA, VA Loan
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: Seattle
Power Company: Seattle
Sewer: Sewer Connected
Sewer Company: Seattle
Utilities: Sewer Connected, Electric
Water Sewer Garbage: 7200

Location

School Information
High School District: Seattle

Location Information
Directions: I5 head W. North on 45th St. South on Wallingford Ave N. East on N. 40th Street.

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 2,670
Stories: 1.5
Lot Size: 2,880 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1923
Year Renovated: —
County: King County
APN: 408330 2070

Home facts updated by county records on Sep 5, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, October 7, 2021

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 2670
Building Area Total: 2670
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1923
Effective Year Built Source: Public Records
Structure Type: Triplex
Stories Total: 3

Around this home

Schools

B F Day Elementary School

Public PreK-5 • Assigned • 0.6mi

9/10

Hamilton International Middle School

Public 6-8 • Assigned • 0.2mi

8/10

Lincoln High School

Public 9-12 • Assigned • 0.3mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Seattle is known for its iconic waterfront, vibrant neighborhoods, and amazing dining! I love Pike Place Market, Discovery Park, and Ballard's shops and restaurants. From Queen Anne's historic homes to Capitol Hill's modern condos, each neighborhood...
2 weeks ago • Seattle
Shauna Rumel
Redfin agent
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 86° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Seattle, WA • 98103

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

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Home values near 1812 N 40th St

Data from public records.

Address	Redfin Estimate
1816 N 40th Street, Seattle, WA 6 Beds \| 2 Baths \| 2680 Sq. Ft.	$1,209,605
4015 Burke Avenue North, Seattle, WA 5 Beds \| 3 Baths \| 2440 Sq. Ft.	$1,436,175

Address	Redfin Estimate
1808 N 40th Street, Seattle, WA - Beds \| - Baths \| 3280 Sq. Ft.	—
4009 Burke Avenue North, Seattle, WA 3 Beds \| 2 Baths \| 1490 Sq. Ft.	$1,143,593

Address	Redfin Estimate
4023 Burke Avenue North, Seattle, WA 5 Beds \| 3.5 Baths \| 3740 Sq. Ft.	$2,104,148
4006 Burke Avenue North, Seattle, WA 4 Beds \| 2 Baths \| 2200 Sq. Ft.	$1,061,049

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in Wallingford, WA

Sale history for 1812 N 40th St

Tax history for 1812 N 40th St

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98103

Home values near 1812 N 40th St

More real estate resources