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
$2,972,100 Zestimate®
$329/sqft
$-- HOA
What's special
- 154 days |
- 105 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: July 10, 2025 at 03:13pm
Listed by:
Tanner Fogle,
Paragon Real Estate Advisors
Source: NWMLS,MLS#: 2405804
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 20
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 9,584
- Total interior livable area: 9,584 sqft
Property
Parking
- Total spaces: 12
- Parking features: Open
- Uncovered spaces: 12
Lot
- Size: 0.33 Acres
Details
- Parcel number: 7899800981
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Flat
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Delridge
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $329/sqft
- Annual tax amount: $31,814
- Date on market: 7/9/2025
- Cumulative days on market: 274 days
- Listing terms: Cash Out,Conventional
Estimated market value
$2,972,100
$2.82M - $3.12M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2025 | Listed for sale | $3,150,000$329/sqft |
Source:  NWMLS #2405804 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$18,830/mo
Principal & interest
$15575
Property taxes
$2152
Home insurance
$1103
Climate risks
Neighborhood: South Delridge
Nearby schools
GreatSchools rating
- 5/10Highland Park Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Denny Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Chief Sealth High SchoolGrades: 9-12Distance: 0.7 mi
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