Home / 9037 -9041 16th Avenue SW, Seattle, WA 98106 (MLS # 2405804)

9037 -9041 16th Avenue SW, Seattle, WA 98106 (MLS # 2405804)

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Listing provided courtesy of Northwest MLS; Paragon Real Estate Advisors

PRICE $3,150,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 9,584 sqft
LOT SIZE 14,554 sqft
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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.

LAST UPDATED 7/10/2025 NEIGHBORHOOD Delridge
YEAR BUILT 1957 COMMUNITY Delridge
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 140 - West Seattle
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 0.3341 acre(s)
MLS STATUS Active
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Delridge
TAXES 31814
UTILITIES Sewer Connected
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/3/25 8:09 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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