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

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.

Property Details

Price:
$3,150,000
MLS #:
NWM2405804
Status:
Active
Beds:
0
Baths:
0
Address:
9037 -9041 16th Avenue SW
Type:
Multi Family
Subdivision:
Delridge
Neighborhood:
140 – West Seattle
City:
Seattle
Listed Date:
Jul 10, 2025
State:
WA
Finished Sq Ft:
9,584
Total Sq Ft:
9,584
ZIP:
98106
Lot Size:
14,552 sqft / 0.33 acres (approx)
Year Built:
1957
Units:
20

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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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Listing courtesy of Paragon Real Estate Advisors

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9037 -9041 16th Avenue SW
Seattle, WA