9037 16th Avenue Sw, Seattle, WA 98106

Local realty services provided by:Imagine Realty ERA Powered
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Listed by:tanner fogle
Office:paragon real estate advisors
MLS#:2405804
Source:NWMLS
9037 16th Avenue Sw,Seattle, WA 98106
$3,150,000
  • - Beds
  • - Baths
  • 9,584 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,150,000
  • Price per sq. ft.:$328.67

About this home

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.

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Home facts

  • Year built:1957
  • Listing Id #:2405804
  • Updated:August 08, 2025 at 12:17 AM

Rooms and interior

  • Living area:9,584 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1957
  • Building area:9,584 sq. ft.
  • Lot area:0.33 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,150,000
  • Price per sq. ft.:$328.67
  • Tax amount:$31,814 (2025)
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