Phased Multifamily Redevelopment
For Sale
$16,380,000
205 Elmira St SW, Washington, DC 20032
Proposed phased replacement of a 156-unit apartment community with about 800 units across four buildings.
Property SizeContact for details
Days on Market76
Property Features for 205 Elmira St SW
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
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
Listing Agency:
Washington, D.C. Office
(202) 536-3714
Listed By:
Selena Alexander · License #License(s): DC: SP40001881
(202) 536-3714
Source:
Marcusmillichap
Added: Jun 16
Changed: Aug 10
Last Checked: Aug 30 at 1:14PM
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 Washington, D.C. Office
Investment Insights
Based on property information with market context.
Martin’s View Apartments at 205 Elmira St SW presents a large-scale multifamily redevelopment concept with a proposed phased approach. The plan calls for replacing an existing 156-unit low-rise apartment community with approximately 800 newly constructed residential units delivered across four buildings. The phased strategy is designed to permit existing residents to relocate on-site during construction, with the intent of reducing community disruption while supporting a housing preservation approach.
The redevelopment is positioned within Washington, D.C.’s Ward 8 submarket. The concept is described as addressing limited new supply in the immediate area, with execution staged over multiple phases rather than a single simultaneous rebuild.
For developers and investors, this is a redevelopment framework centered on scale and phased delivery, with on-site resident relocation incorporated into the construction sequence. Interested parties should review redevelopment scope, phasing details, and permitting requirements to confirm feasibility for the proposed four-building, approximately 800-unit outcome.
The redevelopment is positioned within Washington, D.C.’s Ward 8 submarket. The concept is described as addressing limited new supply in the immediate area, with execution staged over multiple phases rather than a single simultaneous rebuild.
For developers and investors, this is a redevelopment framework centered on scale and phased delivery, with on-site resident relocation incorporated into the construction sequence. Interested parties should review redevelopment scope, phasing details, and permitting requirements to confirm feasibility for the proposed four-building, approximately 800-unit outcome.
Key Highlights
- Proposed phased redevelopment to replace an existing 156‑unit apartment community
- Planned new construction of approximately 800 residential units across four buildings
- Phased plan designed to allow existing residents to relocate on‑site during construction
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
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Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Proposed phased replacement of a 156-unit apartment community with about 800 units across four buildings.
Where is this apartment building located?
The property is located at 205 Elmira St SW Washington, DC.
What is the asking price?
The asking price for this property is $16,380,000.
What are key features of this property?
This property features: Proposed phased redevelopment to replace an existing 156‑unit apartment community; Planned new construction of approximately 800 residential units across four buildings; Phased plan designed to allow existing residents to relocate on‑site during construction
