9037 16th Avenue SW Seattle, WA 98106
9037 16th Avenue SW
Seattle, WA 98106
$3,150,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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 Features
Community: Delridge
10+ Units
Exterior: Wood
Roof: Flat
Year Built: 1957
2025 Taxes: $31814.00
Buyer Broker Compensation: 2%
Listing #: 2405804
Lot Details
Lot Size: 0.33 acres
No. of Units: 20
Interior
Cooling: None
Heating: Baseboard
Electric
Call or Email:
Grace Wamwere
What's Near 9037 16th Avenue SW Seattle, WA 98106?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Paragon Real Estate Advisors
