Investment Overview

The Opportunity Marcus & Millichap, as the exclusive listing agent approved by the United States Bankruptcy Court for the District of Columbia, is pleased to present the exclusive offering of 810 Kennedy Street NW, a 14 unit multifamily asset located in the Brightwood Park neighborhood of NW DC. The sale is subject to a Chapter 11 Bankruptcy process, offering investors a rare opportunity to acquire a property free from the Tenant Opportunity to Purchase Act (TOPA) process due to the property's bankruptcy status. This exemption is granted under §42-3404.02 of DC code. The Asset Located at 810 Kennedy Street NW, this 14-unit multifamily building offers an ideal unit mix of three studios, five one-bedroom units, and six two-bedroom units. The studios, at 550 square feet, have an average in-place rent of $1,066, while the 700-square-foot one-bedrooms achieve an average rent of $1,316. The spacious 850-square-foot two-bedroom units command an average in-place rent of $1,494. Built in 1959, the property totals 12,009 square feet on a 7,000-square-foot lot zoned MU-4. With its desirable unit mix and current rents below the market average, the property presents a significant value-add opportunity. New ownership can increase rents in compliance with DC rent control boosting rental income, further enhancing the property's long-term investment potential. The Location Located in the heart of Brightwood Park, one of Washington, DC’s most desirable and rapidly growing neighborhoods, this multifamily property offers a prime location that adds significant value to its investment potential. The property is situated directly on the bustling Kennedy Street commercial corridor, which has been hot-spot for mixed-use development. Newly built Class A apartments and retail openings along both Kennedy Street and Georgia Avenue continue to drive demand to the area, as well as the over $1 billion Parks at Walter Reed development, which is less than a 10-minute drive away. The neighborhood also provides easy access to Takoma Park and Silver Spring, Maryland, expanding opportunities for renters who value proximity to both urban amenities and suburban charm. With nearby public transportation, vibrant retail corridors, local dining, and top-rated schools, this property is positioned to meet consistent rental demand while benefiting from the area’s continued growth and rising property values.