Listed by Paragon Real Estate Advisors
$3,150,000

9037 -9041 16th Ave SW Seattle, WA 98106

South Delridge Neighborhood

Estimated payment $19,815/month

Total Views 2,168
18 Beds
20 Baths
9,584 Sq Ft
$329 Price per Sq Ft

Highlights

  • 0.33 Acre Lot
  • Baseboard Heating
  • Wood Siding
  • No HOA

About This Home

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 Agent

Tanner Fogle

Paragon Real Estate Advisors License #22010829 Listed on: 07/10/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2405804

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,814

Year Built

  • Built in 1957

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 9,584 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 20 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Additional Features

  • 0.33 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Delridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7899800981

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,814

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1957
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 9584
  • Special Features: None

Interior Features

  • Total Bedrooms: 18
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 17860

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 7899800981
  • Lot Size Acres: 0.3341
  • Lot Size Sq Ft: 14552
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.08
  • LeasedItems: None
  • TotalMonthlyIncome: 26034

Multi Family

  • Gross Scheduled Income: 295397
  • Net Operating Income: 186319
  • Number Of Units Total: 20
  • Insurance Expense: 15743
  • Leasable Area: 9584
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 31814

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $3,150,000 -- $329 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2405804

Northwest Multiple Listing Service (NWMLS)
Washington King County Seattle 98106 South Delridge

9037 -9041 16th Ave SW, Seattle, WA

This home is located at 9037 -9041 16th Ave SW, Seattle, WA 98106 and is currently priced at $3,150,000, approximately $328 per square foot. This property was built in 1957. 9037 -9041 16th Ave SW is a home located in King County with nearby schools including Highland Park Elementary School, Denny Middle School, and Chief Sealth High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Tanner Fogle
Listing Agent
Tanner Fogle
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Paragon Real Estate Advisors
(206) 590-6827