Adjacent Three-Level Apartment
For Sale
$3,900,000
1850 Kendall St NE, Washington, DC 20002
Vacant, bank-owned multifamily with 23 separately metered units and existing ductwork for central HVAC, ready for renovation.
Property Size26,951 SF
Price / SF$144.71
Days on Market85
Property Features for 1850 Kendall St NE
General Information
Standard status
Active
Size
26,951 SF
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
23
Amenities
Portfolio of two adjacent apartment buildings totaling 23 apartment units
Bank-owned value-add opportunity with significant upside potential
Vacant buildings allowing for immediate renovation and repositioning
Building Details
Building Size
26,951 SF
Stories
3
Units
23
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3742
Listed By:
Lorenzo Wooten, CCIM · License #License(s): MD: 629911, DC: SP98367898
(202) 536-3742
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 24 at 3:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
The offering includes two adjacent, three-level apartment buildings totaling 23 units. The unit mix consists of ten three-bedroom/one-bath units, eleven two-bedroom/one-bath units, and two one-bedroom/one-bath units. All apartments are separately metered for gas and electricity. Each unit also includes existing ductwork infrastructure for central air conditioning and heating systems. The property has sustained fire damage in late 2025 and is currently vacant, requiring a comprehensive renovation.
The buildings are located along the New York Avenue NE corridor in Northeast Washington, DC, in the Ivy City/Brentwood submarket. The address is approximately four blocks from Gallaudet University and eight blocks from Union Market. The area is also described as being near Union Station, with additional nearby development mentioned in the remarks, including the proposed Washington Commanders stadium redevelopment.
For investors or developers, this is a repositioning opportunity centered on renovating a supply-constrained rental asset with a defined unit mix across 1-, 2-, and 3-bedroom apartments. The offering includes a renovation scope and associated risk reflected in the purchase structure. The remarks further cite projected stabilized gross rental income of approximately $546,000 annually based on average monthly rents of about $1,600 for one-bedroom units, $1,800 for two-bedroom units, and $2,250 for three-bedroom units after renovation.
The buildings are located along the New York Avenue NE corridor in Northeast Washington, DC, in the Ivy City/Brentwood submarket. The address is approximately four blocks from Gallaudet University and eight blocks from Union Market. The area is also described as being near Union Station, with additional nearby development mentioned in the remarks, including the proposed Washington Commanders stadium redevelopment.
For investors or developers, this is a repositioning opportunity centered on renovating a supply-constrained rental asset with a defined unit mix across 1-, 2-, and 3-bedroom apartments. The offering includes a renovation scope and associated risk reflected in the purchase structure. The remarks further cite projected stabilized gross rental income of approximately $546,000 annually based on average monthly rents of about $1,600 for one-bedroom units, $1,800 for two-bedroom units, and $2,250 for three-bedroom units after renovation.
Key Highlights
- Two adjacent apartment buildings at 1850–1854 Kendall St NE totaling 23 units (vacant, bank‑owned).
- Unit mix: 10 three‑bedroom/one‑bath, 11 two‑bedroom/one‑bath, and 2 one‑bedroom/one‑bath units.
- Three‑level buildings totaling approximately 26,951 SF, built in 1965.
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant, bank-owned multifamily with 23 separately metered units and existing ductwork for central HVAC, ready for renovation.
Where is this apartment building located?
The property is located at 1850 Kendall St NE Washington, DC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Two adjacent apartment buildings at 1850–1854 Kendall St NE totaling 23 units (vacant, bank‑owned).; Unit mix: 10 three‑bedroom/one‑bath, 11 two‑bedroom/one‑bath, and 2 one‑bedroom/one‑bath units.; Three‑level buildings totaling approximately 26,951 SF, built in 1965.
