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Listing Firm: Paragon Real Estate Advisors: Tanner Fogle

Active
NWMLS # 2405804

$3,150,000

  • - Beds
  • - Baths
  • 9584 Sq.ft.

9037 -9041 16th Avenue SW, Seattle, WA 98106

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: 1 Minute Ago (Jul 20, 2025 03:21 PM)

  • Source: NWMLS as Distributed by MLS Grid #2405804

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 16th
  • Zip/Postal Code: 98106
  • City: Seattle

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$3,847 per month
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Property Features

  • County
    • Delridge
  • Community
    • 140 - West Seattle
  • MLS Area
    • 140 - West Seattle
  • Longitude
    • -122.355433
  • Latitude
    • 47.521728
  • Directions
    • From 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.

  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 12
  • Elevation
    • Feet
  • Exterior
    • Wood
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 14552

  • High School District
    • Seattle

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $31814
  • Year Built
    • 1957
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 20 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 20, 2025 03:21 PM