9037 -9041 16th Avenue SW
Seattle, WA 98106
9584 sqft | 0.33 acres | #2405804
Description
The Olympus Apartments is a 20-unit multifamily investment located at 9041 16th Ave SW in the heart of Seattle’s vibrant White Center neighborhood. Offered for the first time in over 25 years, this well-located property provides immediate income with a 5.91% in-place cap rate, while also offering a clear value-add opportunity through continued unit renovations and rental upside. Built in 1957, Olympus Apartments consists of 18 one-bedroom units and 2 studios. Ownership has upgraded electrical panels for all units, replaced portions of the plumbing system with PEX, and installed new flooring throughout the majority of the building.
Property Details
- Sewer InformationSewer Connected
- Style56 - 10+ Units
- Date ListedJuly 10, 2025
- Property TypeMulti-Family
- Property SubtypeMulti Family
- Structure TypeMulti Family
- Original List Price$3,150,000
- SubdivisionDelridge
- School DistrictSeattle
- Taxes Annual$31,814
- MLS #2405804
- Cost3150000
- MLS #2405804
- Acres0.3341
- Exterior MaterialsWood
- Square Feet9584
- Year Built1957
- CountyKing
- Stories2
- Days on Market (Cumulative)1
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-07-10 22:01:12. 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.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Tanner Fogle (#NWM151675)
Listing Office: Paragon Real Estate Advisors (#NWM7086)
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