Seattle, WA 98106 9037 -9041 16th Avenue SW
$3,150,000
15 more
Presented By: Paragon Real Estate Advisors and NWMLS
- MLS# 2405804
- 07/10/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 9,584
Home Details
The Olympus Apartments is a 20-unit multifamily investment located at 9041 16th Ave SW in the heart of Seattle’s vibrant White Center neighborhood. Offered for the first time in over 25 years, this well-located property provides immediate income with a 5.91% in-place cap rate, while also offering a clear value-add opportunity through continued unit renovations and rental upside. Built in 1957, Olympus Apartments consists of 18 one-bedroom units and 2 studios. Ownership has upgraded electrical panels for all units, replaced portions of the plumbing system with PEX, and installed new flooring throughout the majority of the building.
Presented By: Paragon Real Estate Advisors and NWMLS
Interior Features for 9037 -9041 16th Avenue SW
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 9037 -9041 16th Avenue SW
Building Area UnitsSquare Feet
Cap Rate5.91
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsFrom downtown Seattle, get on Hwy 99 S. Continue on Hwy 99 S to 1st Ave S. Take the exit toward Myers Way/White Ctr from State Rte 509 S. Take Olson Pl SW, SW Roxbury St and 15th Ave SW.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictSeattle
Insurance Expense15743
Leasable Area9584
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet14552
Lot Size UnitsSquare Feet
MLS Area140 – West Seattle
ModificationTimestamp2025-07-10T22:13:17.380Z
NWM_ShowMapLinkY
Net Operating Income186319
New ConstructionNo
Number Of Units Total20
Open Parking Spaces12
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe Olympus Apartments is a 20-unit multifamily investment located at 9041 16th Ave SW in the heart of Seattles vibrant White Center neighborhood. Offered for the first time in over 25 years, this wel
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameDelridge
Tax Annual Amount31814
Tax Year2025
Units Below Gradefalse
Units In Building Total20
Water Sewer Garbage17860
Year Built1957
Exterior for 9037 -9041 16th Avenue SW
Building Area Total9584
Covered Spaces
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot Size Acres0.3341
Parking Uncovered Spaces12
Total Parking12
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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