Located just three blocks from Market Street’s retail core and 15th Avenue, the property provides direct access to Downtown Seattle’s employment hub with 336,900 jobs, including Amazon, Nordstrom, Zillow, and Deloitte corporate headquarters; this prime location attracts urban professionals seeking modern living with short commutes and immediate access to Ballard’s premier dining, entertainment, and retail amenities.

Vive Apartments delivers more community amenities than any comparable submarket asset, featuring an expansive rooftop deck with lounge areas, wet bar, BBQ grills, TVs, and an unobstructed water views; a recreational room with an island coffee bar, full kitchen, billiards, and shuffleboard further justify premium rents and drive superior tenant retention.

As one of the only midrise buildings completed since 2015 with covered parking in Ballard, the property’s 35 secured garage spaces with EV charging maintains near 100% occupancy at $210-$250 monthly premiums, generating over $70,000 in additional annual revenue with substantial upside as urban parking becomes increasingly scarce.

Ballard asking rents have surged 17.85% since 2021, while the property maintains 98.9% occupancy, significantly outperforming the 95.61% submarket average demonstrating superior asset quality and effective property management that minimizes vacancy loss and maximizes revenue.

The property features a strategically balanced unit mix of 30 studios (33%) and 61 one-bedroom units (67%) ranging from 559 to 662 square feet, and one unique live/work unit generates over $22,000 annually, providing additional income.

Vive Apartments is located within a few blocks of Sound Transit’s proposed Ballard Station, which will connect Ballard with downtown Seattle; slated for service in 2039.

With 76% of residents holding bachelor’s degrees or higher, and over 1,900 local establishments employing 20,700+ workers nearby, the asset attracts high-quality tenants; average household income within three miles is projected to grow 52.6% to $321,404 by 2030, supporting continued rent growth and maximizing high-quality tenancies.

Vive Apartments achieves 8.7% annual rent growth with zero concessions while delivering some of the highest effective rents per square foot in the market; this combination signals a highly stabilized, quality asset with demonstrated pricing power and recession-resistant appeal.