MLS #2405804 / Listing provided by NWMLS & Paragon Real Estate Advisors.
$3,150,000
9037 -9041 16th Avenue SW
Seattle,
WA
98106
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 12
- Uncovered Parking Spaces: 12
- Open Parking Spaces: 12
Structure
- Roof: Flat
- Exterior Features: Wood
Lot Details
- Acres: 0.3341
Schools
- High School District: Seattle
Lot Details
- Acres: 0.3341
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 17860
Brandon Solomonson
Broker | REALTOR®
Send Brandon Solomonson an email