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Q: Are there apartments available at Waterfront Place in Everett?

A: Yes — but not many. As of late April 2026, The Sawyer and The Carling at Waterfront Place have roughly 13 of their 266 total units available for lease, putting the complex at approximately 95% occupied. Available rents run from $2,202 to $2,800 per month, depending on unit size and floor. At just under a 5% vacancy rate against a softening broader Everett rental market, Waterfront Place is leasing above the city average — which tells you something about where the demand is on the Everett waterfront.

Waterfront Place Is 95% Full: What the Sawyer and Carling’s Occupancy Tells Us About Everett’s Waterfront Housing Demand

We’ve been tracking the rental market on this desk long enough to know that when the broader city rents are softening and one specific complex is still running at 95% occupied, there’s something worth understanding about what’s different.

The two apartment buildings at the Port of Everett’s Waterfront Place — The Sawyer to the north and The Carling to the south, 266 total units between them — are currently showing 13 available apartments across both buildings, with rents running $2,202 to $2,800/month. Do the math: that’s a vacancy rate of roughly 4.9%, which for a stabilized four-story mid-rise in a premium location is tight.

Meanwhile, the rest of Everett’s rental market is softening. Average rents across the city are down about 2% year-over-year. Downtown newer buildings are offering concessions. And yet Waterfront Place is leasing at a premium to the Everett average, keeping occupancy high, and not needing the same promotions to fill units.

Here’s what’s actually going on.

The Buildings, By the Numbers

The Sawyer + The Carling (the combined Waterfront Place apartment complex):

• Location: 1300 W Marine View Drive, Everett, WA 98201
• Total units: 266 across two four-story buildings
• Square footage: approximately 247,000 square feet total
• Current availability: ~13 units listed
• Current rent range: $2,202 to $2,800/month
• Developer / builder: Built by Graham Construction
• Ownership: Sea Level Properties
• Opened: Phase 1 delivered as part of Waterfront Place Central’s first residential component

For context against the Everett average rent of $1,849/month, Waterfront Place runs about 19% to 51% above the market average. That’s a real premium — but it’s buying a product that doesn’t exist anywhere else in Everett.

What You’re Paying For (Beyond Four Walls)

The amenity package at Waterfront Place is the reason for the premium. These aren’t standard Snohomish County apartment amenities — these are the kind of amenities you’d see in a Seattle Belltown or Kirkland waterfront building:

• Two rooftop decks (one per building) with views of Puget Sound, the marina, Hat Island, and the Olympic mountains beyond
• Speakeasy-style bar and game room for residents
• Full fitness center and yoga studio
• Two-level lobby with fireplace
• Secure bike storage (meaningful on the waterfront)
• On-site resident concierge
• Walking distance to every Waterfront Place retail tenant — Tapped, Fisherman Jack’s, The Net Shed, Menchie’s, Marina Azul (opening), and the public marina

That last point matters more than any single on-site amenity. If you’re a Waterfront Place resident, your front door opens onto the largest public marina on the West Coast, and your daily walk to grab coffee goes past the boats and the harbor seals. You can’t replicate that amenity by building it — you have to live in a unit that’s physically there. That’s what the premium buys.

Why 95% Occupancy in a Softening Market

When a neighborhood’s rental market is going the wrong direction (down ~2% year-over-year) and one specific building is still nearly full, there’s usually a combination of reasons. For Waterfront Place:

Location cannot be copied. You either live on the Port of Everett waterfront or you don’t. New units at Millwright District (300+ breaking ground this year) will eventually compete, but those are 18-24 months away from actually drawing residents. Meanwhile, The Sawyer and The Carling are the only stabilized Class-A waterfront apartments on the Port side of Everett.

Boeing and Navy professional segment. Waterfront Place’s price point — $2,200 to $2,800 per month — lines up well with a Boeing 737 North Line engineer, a Navy officer stationed at NAVSTA Everett, or a remote-work professional who picked Everett for the cost differential against Seattle. These tenant segments don’t bargain the same way transient renters do. They lock in a lease, they stay.

Short commute to major employers. It’s a ~3-mile drive to Boeing’s Everett factory and ~1.5 miles to Naval Station Everett. You can live at Waterfront Place, work on the 737 North Line, walk to dinner on the waterfront, and never deal with I-5. That matters to the specific professional tenant base this property attracts.

The retail is actually happening. For a long time, waterfront apartment buildings in Everett came with a promise of retail that never fully materialized. That’s now changing. Fisherman Jack’s is running with a full menu. The Net Shed is stabilized three months in. Tapped Public House has its rooftop. Menchie’s and Marina Azul are almost open. That retail buildout removes the “Yeah, but there’s nothing to walk to” objection that used to come with waterfront apartment living in Everett.

Renters who are already in don’t want to leave. Tenure matters in apartment math. A complex that retains 70%+ of its residents at lease renewal runs at 95% occupancy almost automatically. We don’t have public retention numbers for Waterfront Place, but the indirect signal — consistent occupancy in a softening market, limited concession pressure — suggests the retention rate is strong.

What the 13 Available Units Look Like

Pulled from current listings, the available inventory at Waterfront Place covers a spread:

• Smaller units at the lower end: Starting around $2,202 for one-bedroom floor plans in the 650-750 sq ft range
• Larger one-bedrooms and compact two-bedrooms: $2,400-$2,600 range
• Two-bedroom floor plans with better views: $2,700-$2,800

The pattern you’d expect: smallest-and-interior-facing units available first, view units and two-bedrooms last. Anyone hunting for a specific floor plan or view orientation should call the property directly at (425) 622-9130 because the online listings don’t always reflect the full current inventory.

What This Means for the Rest of Waterfront Place Development

A 95% occupied Phase 1 apartment complex is the data point that makes the Millwright District Phase 2 apartment deal make sense on paper. The Port of Everett and its development partners are about to break ground on 300+ more apartment units in the Millwright District this year, targeting tenant move-ins by late 2026. That’s a lot of new units for a soft market.

But if Waterfront Place is running at 95% occupancy at rents that are 19-51% above the Everett average, the market is signaling that waterfront-location demand is a different demand curve than the general Everett rental market. The Millwright apartments won’t have to compete on price with Hewitt Avenue mid-rises. They’ll compete with the Sawyer and the Carling. And at 95% occupancy, the Sawyer and the Carling aren’t a comp that’s begging for competition.

Put simply: the demand is there. The 300+ new units won’t flood a soft market — they’ll fill the bucket that Waterfront Place is already filling, for the kind of tenant who values being physically on the waterfront and is willing to pay for it.

What Comes Next for Waterfront Place Housing

Beyond the Millwright District 300+ apartments breaking ground this year, the Port of Everett’s Waterfront Place master plan calls for up to 660 waterfront homes total across the full buildout — a mix of apartments, condominiums, and townhomes/lofts. The 266 units at The Sawyer and The Carling are Phase 1. Millwright is Phase 2. Future phases will include additional rental and for-sale inventory as more Waterfront Place parcels develop.

For current or prospective Waterfront Place renters, this is the honest read: pricing holds at today’s levels as long as occupancy stays above ~92-93%. If the Millwright District units come online and temporarily push occupancy below that, Waterfront Place will see modest concession pressure — probably for a six-to-twelve-month window in late 2026 or early 2027. Then the market re-stabilizes and pricing firms again.

For renters who want to be on the Everett waterfront and don’t need to move in immediately, the best pricing window is going to be right when Millwright District opens — because both complexes will be competing for the same tenant segment for a short time.

Frequently Asked Questions

How many apartments are at Waterfront Place in Everett?

There are 266 total apartment units across two four-story buildings — The Sawyer (north) and The Carling (south) — at the Port of Everett’s Waterfront Place development at 1300 W Marine View Drive.

How much does it cost to rent at Waterfront Place Everett?

Current rents range from $2,202 to $2,800 per month depending on floor plan, square footage, and view. That’s roughly 19% to 51% above the Everett average apartment rent of $1,849.

Are there units available at Waterfront Place?

As of late April 2026, approximately 13 of 266 units are available, putting the complex at about 95% occupied. Contact the property directly at (425) 622-9130 for current specific unit availability.

Who built the Waterfront Place apartments?

Graham Construction built the two buildings. Sea Level Properties owns and operates the complex. The project is part of the Port of Everett’s broader Waterfront Place mixed-use master plan.

What amenities are at Waterfront Place?

Two rooftop decks, a speakeasy-style bar and game room, fitness center and yoga studio, two-level lobby with fireplace, secure bike storage, on-site resident concierge, and walking access to all Waterfront Place retail and restaurants.

How close is Waterfront Place to Boeing and Naval Station Everett?

Approximately 3 miles to Boeing’s Everett factory and about 1.5 miles to Naval Station Everett. Both are accessible without using I-5, making the daily commute simple for waterfront residents working at those employers.

Will the new Millwright District apartments compete with Waterfront Place?

Yes — 300+ new apartments breaking ground this year in the Millwright District at Waterfront Place will compete for the same tenant segment. Expect a modest concession window in late 2026 and early 2027 as those units lease up, followed by market stabilization.