Builder/Investor/Developer Alert! Exceptional opportunity for a fully entitled, permits PAID, multifamily development in one of Seattle’s most desirable rental submarkets. Ballard Urban Village approved 26-unit apartment zoned LR2 (M1). benefits from ZERO parking requirements, delivering cost savings/improved project feasibility. Approved plans for a 4-story plus basement, Type V-A construction building featuring an efficient micro-unit / SEDU program optimized for strong rent-per-square-foot performance. Unit sizes range approximately 225–330 square feet, each designed to meet or exceed Seattle code requirements for habitable space and storage. Includes indoor bike storage, shared outdoor amenity space, and thoughtfully integrated landscaping. Design Review and all SDCI permit corrections have been completed, with construction documents approved ready to issue. MHA requirements have been satisfied on-site, eliminating future affordability uncertainty. The architectural design features articulated façades, projecting bay windows, durable exterior materials, and residential-scaled massing that integrates seamlessly with the surrounding neighborhood. Situated near transit, major employment centers, restaurants, retail, and everyday amenities, this offering presents a rare opportunity for developers/investors seeking a shovel-ready, low-entitlement-risk apartment project in a high-demand Ballard location. All plans, approvals, and due diligence materials available upon request.

Courtesy of NWMLS
Listing courtesy of Daniel Sebryakov of Berkshire Hathaway HS NW



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-01-14 08:08 AM PST