9037 -9041 16th Avenue SW Seattle WA 98106 MLS #NWM2405804

9037 -9041 16th Avenue SW
Seattle, WA, 98106
$3,150,000
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Listing Provided Courtesy of Paragon Real Estate Advisors
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.
Current real estate data for Multi Family in Seattle as of Sep 17, 2025
191
Multi Family Listed
97
Avg DOM
455
Avg $ / SqFt
$1,901,039
Avg List Price

Property Details

Price:
$3,150,000
MLS #:
NWM2405804
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subdivision:
Delridge
Neighborhood:
140 – West Seattle
Listed Date:
Jul 10, 2025
Finished Sq Ft:
9,584
Total Sq Ft:
9,584
Lot Size:
14,552 sqft / 0.33 acres (approx)
Year Built:
1957
Units:
20
140 – West Seattle140 – West SeattleDelridgeSeattle

Schools

School District:
Seattle

Interior

Cooling
None
Heating
Baseboard

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
12
Roof
Flat

Financial

Net Operating Income
$186,319
Tax Year
2025
Taxes
$31,814

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Property Summary

    Located in the Delridge subdivision, 9037 -9041 16th Avenue SW Seattle WA is a Multi Family for sale in Seattle, WA, 98106. It is listed for $3,150,000 To schedule a showing of MLS#nwm2405804 at 9037 -9041 16th Avenue SW in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Listing courtesy of Paragon Real Estate Advisors

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Sep-17-2025 9:25:18 am. © 2025 NWMLS.
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9037 -9041 16th Avenue SW
Seattle, WA