The Hendrix — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Washington, DC 20002

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Description

Marcus & Millichap is pleased to present The Hendrix, a lender-owned, 45-unit multifamily asset located at 1326 Florida Avenue NE in Washington, DC’s Trinidad neighborhood. The Property qualifies for the new construction TOPA exemption, allowing for a streamlined transaction process and reduced execution risk relative to typical multifamily sales in Washington, DC. Built in 2016, the Property offers a recently constructed, high-quality multifamily asset with modern finishes, in-demand floor plans, and a well-rounded amenity package in one of Northeast DC’s most active rental corridors. The unit mix is comprised primarily of two-bedroom units, with an average unit size of approximately 614 square feet, providing high-demand layouts that cater to a broad renter base. Units feature floor-to-ceiling windows, in-unit washer/dryers, and modern interior finishes, .and are complemented by the building's controlled access, fitness center, laundry facilities, pet washing station, rooftop deck, and off-street parking. The Hendrix is currently achieving average in-place rents above nearby comparables on a per square foot basis, while 10 vacant units provide a clear path for a new owner to drive occupancy and NOI through lease-up and stabilization. Investment Highlights: • REO, TOPA-exempt sale on recently built asset • Recently constructed, non-rent controlled asset • Strong physical product with proven rent performance • Immediate lease-up and NOI growth opportunity • Walkable location near retail, dining, and entertainment • Two-bedroom heavy unit mix

Market Context

This multifamily in Washington, DC is listed for sale. Compare it against other multifamily listings for sale in Washington, DC — view the full market.

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