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9037 16Th Ave SW Seattle, WA 98106

For Sale
$3,150,000

20-unit apartment building in Seattle's White Center neighborhood.

Property size:
9,584 SF

Property Features for 9037 16Th Ave SW

General Information

Standard status
Active
Size
9,584 SF

Building Details

Year built
1957

Source: PARAGON REAL ESTATE ADVISORS Agent TANNER FOGLE

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Seattle Multifamily Investment Opportunity

The Olympus Apartments, a 20-unit multifamily property, is located at 9041 16th Ave SW in Seattle’s White Center neighborhood. Offered for sale for the first time in over 25 years, this property, built in 1957, includes 18 one-bedroom units and 2 studios. The property provides immediate income with a 5.91% in-place cap rate, while also offering a value-add opportunity through continued unit renovations and rental upside. Upgrades include electrical panels for all units, portions of the plumbing system replaced with PEX, and new flooring throughout the majority of the building. A handful of units remain in more original condition, allowing for further renovations.
Location Intelligence

Current Use by Public Records

Olympus ApartmentS Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3555248
Latitude
47.5218318

FAQs

What type of property is this?
Apartment building - 20-unit apartment building in Seattle's White Center neighborhood.
Where is this apartment building located?
The property is located at 9037 16Th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: - Immediate income with a 5.91% in-place cap rate.; - Value-add opportunity through continued unit renovations and rental upside.; - Located in the vibrant White Center neighborhood of Seattle.
More about this property
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