Etta Ballard is an 80-unit mid-rise apartment building located in the heart of Seattle’s vibrant Ballard neighborhood. Originally constructed as independent senior living in 1989, the property underwent a full conversion to market-rate apartments in 2017. Along with the conversion, the previous owner invested significant capital to address deferred maintenance items and complete a modest renovation to unit interiors and common areas.

Using an approximate $1.3 million renovation budget, TMR will elevate the property to the next level, transforming it into a modern and attractive apartment community to match its hip, urban location. With a mix of studios and one-bedroom units featuring large, private balconies, Etta Ballard presents a rare value-add opportunity in one of Seattle’s most desirable locations.