Property Details
914 N 40th Street
Seattle, WA 98103
$1,499,995
Active
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Property Overview
Classic Fremont Fourplex – A charming, rock-solid century-old brick apartment building featuring four oversized 1-bedroom units, each with its own private entrance. Units include spacious living and dining rooms, updated kitchens with dishwashers, fireplaces, hardwood floors, and timeless old-world character. The top-floor units boast enclosed patios with territorial views. The property includes a massive full basement with abundant storage, coin-operated laundry, and new forced-air gas furnaces. Situated on a desirable corner lot with alley access, it also offers off-street parking. All four units are currently leased, providing immediate income stability.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Fremont
Listed
Sep 24, 2025
Structure Type
Quadruplex
Parcel Number
1931300570
Tax & HOA
Annual Property Tax
$13,230 (2024)
Est. Monthly Tax
$1,103/mo
Financial Summary
Cap Rate
5.72%
Net Operating Income
$92,500
Gross Scheduled Income
$99,000
Gross Rent Multiplier
15.20
Total Expenses
$21,677
Building & Use
Building Sq Ft
3,192
Leasable Area
3,192 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,160 sqft
Year Built
1914
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1914
Exterior Materials
Brick
Sewer
Available
Lot Features
Corner Lot
Exterior Features
Brick
Community & Access
Directions
Please up GPS
Location
City
Seattle
County
King
Coordinates
47.65541, -122.34657
Additional Information
Tax Year
2024
Annual Taxes
$13,230
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
