Martin's View: Large-Scale Redevelopment Opportunity — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20032

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Description

Marcus & Millichap is pleased to present Martin’s View Apartments, a large-scale multifamily redevelopment opportunity in the rapidly evolving Ward 8 submarket of Washington. The proposed phased redevelopment would replace an existing 156-unit low-rise apartment community with approximately 800 newly constructed residential units across four buildings, creating a transformative mixed-income housing project positioned to benefit from strong long-term demand fundamentals and limited new supply in the immediate area. The project’s multi-phase execution strategy is designed to allow existing residents to relocate on-site during construction, significantly reducing entitlement and community disruption risk while aligning with the District’s policy focus on equitable redevelopment and housing preservation. With its combination of scale, phased development strategy, and location within a high-growth Washington, D.C. submarket, 205 Elmira Street is a compelling opportunity for developers and investors seeking long-term value creation in a supply-constrained urban environment. Investment Highlights: • Large-Scale Multifamily Redevelopment Opportunity in Washington, DC • Existing 156-Unit Community with Plans for Approximately 800 New Units • Proposed Four-Building Development Creating a Transformative Mixed-Income Project • Phased Development Strategy Allowing for On-Site Resident Relocation • Reduced Entitlement and Community Disruption Risk • Located in Rapidly Evolving Ward 8 Submarket • Aligned with DC's Housing Preservation and Equitable Development Initiatives • Strong Long-Term Demand Fundamentals with Limited New Supply

Market Context

This multifamily in Washington, DC is listed for sale. It is offered at an approximate 0.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Washington, DC — view the full market.

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