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9037 -9041 16th Avenue SW Seattle, WA 98106

$3,150,000
0.33
Acres
9,584
SQFT
329
$/SQFT
$3,150,000
9,584   sf
$329 / sf
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active
1/20
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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.

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.

  • Neighborhood
    Delridge
  • Type
    Commercial
  • County
    King
  • Area
    140 - West Seattle
  • Tax Amount
    $31,814
  • Status
    Active
  • Listing #
    2405804
  • Built
    1957
  • Lot Size
    0.33
  • Listed on site
    52 days

Listed by:
Paragon Real Estate Advisors

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-08-31 20:06:24. DMCA
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Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
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