- – beds
- – baths
- 9,584 sqft
- 14,552 sqft lot
- $328 per sqft
- 1957 build
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.
Last checked:
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Last updated Jul 10, 2025
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MLS# 2405804 —
The Building
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Year Built:1957
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New Construction:false
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Structure Type:Multi Family
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Roof:Flat
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Exterior Features:Wood
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Units In Building Total:20
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# of Units Total:20
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Stories Total:2
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Building Area Total:9584
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Building Area Units:Square Feet
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Calculated SqFt:9584
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Construction Materials:Wood
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.521728
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Longitude:-122.355433
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Directions:From downtown Seattle, get on Hwy 99 S. Continue on Hwy 99 S to 1st Ave S. Take the exit toward Myers Way/White Ctr from State Rte 509 S. Take Olson Pl SW, SW Roxbury St and 15th Ave SW.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Parcel Number:7899800981
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Lot Size Units:Square Feet
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Lot Size Acres:0.3341
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Lot Size SqFt:14552
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Lot Size Source:Public Records
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View:false
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Waterfront:false
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 623-8880
- Office phone:
- (206) 623-8880
Taxes
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Tax Year:2025
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Tax Annual Amount:31814
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Sewer:Sewer Connected
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Water Sewer Garbage:17860
Schools
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High School District:Seattle
The Community
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Subdivision Name:Delridge
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Senior Community:false
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Association:false
Parking
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Parking Total:12
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Parking Uncovered Spaces:12
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Open Parking:true
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Open Parking Spaces:12
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Carport:false
Listing courtesy of NWMLS / Paragon Real Estate Advisors
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/10/25
Jul 10, 2025
|
Listed / Active | NWMLS | $3,150,000 |