About 9037 -9041 16th Avenue Sw
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.
Features of 9037 -9041 16th Avenue Sw
| MLS® # | 2405804 |
|---|---|
| Price | $3,150,000 |
| Price Per SqFt | $329 |
| Bathrooms | 0.00 |
| Square Footage | 9,584 |
| Acres | 0.33 |
| Year Built | 1957 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 9037 -9041 16th Avenue Sw |
|---|---|
| Area | 140 - West Seattle |
| Subdivision | Delridge |
| City | Seattle |
| County | King |
| State | WA |
| Zip Code | 98106 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|
School Information
| District | Seattle |
|---|
Additional Information
| Days on Market | 108 |
|---|---|
| Cumulative Days on Market | 108 |
| Days on Website | 108 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Paragon Real Estate Advisors |
|---|