WA > Seattle > Delridge
Seattle, WA 98106,9037 -9041 16th AVE SW
Seattle, WA 98106,9037 -9041 16th AVE SW
Seattle, WA 98106,9037 -9041 16th AVE SW
Seattle, WA 98106,9037 -9041 16th AVE SW
Seattle, WA 98106,9037 -9041 16th AVE SW
Seattle, WA 98106,9037 -9041 16th AVE SW
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Diane Bushnell

Diane Bushnell

+1(206) 778-5499
Listed by Paragon Real Estate Advisors
$ 3,150,000
Est. payment | /mo

18 Beds

20 Baths

9,584 SqFt

Save
$ 3,150,000
Est. payment | /mo
Save

18 Beds

20 Baths

9,584 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,584 sqft

Price per Sqft $328

Subdivision Delridge

MLS Listing ID 2405804

Style 56 - 10+ Units

Bedrooms 18

Year Built 1957

Annual Tax Amount $31,814

Lot Size 0.334 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 140 - West Seattle

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Diane Bushnell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 778-5499

diane@bushnellhomes.com

16108 Ash Way #201, Lynnwood, Washington, 98087, USA

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9037 -9041 16th AVE SW