Market Terrace

Overview

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Market Terrace is a charming apartment community located in the vibrant Ballard neighborhood of Seattle. This three-story building offers convenient access to a rich array of shopping, dining, and entertainment options, making it a desirable location for residents. The area boasts a strong maritime heritage, reflected in the local culture and attractions.

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The community caters to individuals aged 62 and older, providing low-income public housing options. Designed with comfort and convenience in mind, Market Terrace ensures that residents can enjoy a high quality of life within a supportive environment. The property is well-connected to public transit, facilitating easy travel around the city.

Residents of Market Terrace benefit from being within the Seattle Public Schools attendance zone, adding to the family-friendly appeal of the neighborhood. The community’s thoughtful design and proximity to essential amenities make it a standout choice for anyone seeking an affordable, comfortable living option in Seattle.

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Amenities and Features

Low-income public housing
Age 62 and older community
Proximity to shopping and restaurants
Rich maritime heritage neighborhood
Convenient access to public transit
Located within Seattle Public Schools attendance zone

Sources

Market Terrace Location

Address: 1115 Nw Market St, Seattle, WA 98107

Phone: 206-789-2937

Website: https://www.seattlehousing.org/housing/sha-housing/property/market-terrace-62

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About Seattle, Washington

Seattle is a city surrounded by natural beauty, with the iconic Space Needle as its centerpiece. Known for its thriving music scene, the city birthed bands like Nirvana and Pearl Jam. Seattle is also home to companies like Microsoft and Amazon. Visitors can explore Pike Place Market, the Seattle Art Museum, and enjoy stunning views of the Puget Sound.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.