Washington
Seattle
9037 -9041 16th Avenue SW

$3,150,000

9037 -9041 16th Avenue SW, Seattle, WA 98106

Multi-Family Home
Built in 1957
0.33acre lot
—— car garage
$——/sqft
Listed 27 days ago

Property Description

This listing courtesy of Tanner Fogle, Paragon Real Estate Advisors

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.

Listing Status:: Active
Listing Office:: Paragon Real Estate Advisors : 206-623-8880
Listing Agent:: Tanner Fogle : 206-623-8880
MLS ID:: 2405804

A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

This listing courtesy of Tanner Fogle, Paragon Real Estate Advisors

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Highland Park Elementary School

1012 SW Trenton St, Seattle, WA, 98106

Grades PK-5

0.41 miles away

David T. Denny International Middle School

2601 SW Kenyon St, Seattle, WA, 98126

Grades 6-8

0.75 miles away

Chief Sealth International High School

2600 SW Thistle St, Seattle, WA, 98126

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.