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.
Active
Listed by:
Tanner Fogle,
Paragon Real Estate Advisors
$3,150,000
9037 -9041 16th Avenue SW, Seattle, WA 98106
18beds
20baths
9,584sqft
Est.:
Multi Family
Built in 1957
-- sqft lot
$2,956,300 Zestimate®
$329/sqft
$-- HOA
What's special
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