Investment Overview

THE OPPORTUNITY Marcus & Millichap is pleased to present 1825 Kendall Street NE, a partially completed Class A development opportunity in the surging Ivy City neighborhood. At completion, the project is planned to consist of 12 large units totaling 68 bedrooms, with multiple potential investment strategies including student housing, coliving, rental apartments, or condo outsales. Designed by experienced, well-regarded developers and architects, the asset offers a unique opportunity for a new developer to take the project through final completion. With strong demand drivers from nearby universities and the growing demand and opening of popular restaurants, retail, and nightlife in Ivy City and Union Market, the property is positioned for long-term performance across several potential use cases. THE ASSET 1825 Kendall Street NE is a partially completed, ground-up Class A development planned to deliver 12 units and 68 total bedrooms, averaging over 2,000 square feet per unit. The building's layout allows for reconfiguration of the floor plans, enabling the property to function as student housing, coliving, or more conventional multifamily units depending on investor needs. The building is planned at 25,700 gross square feet and will incorporate modern building systems and spacious floorplans across multiple levels. The development also conveys with a solar panel contract that will contribute an estimated $25,000+ of SREC income, creating an additional, predictable revenue stream. The project’s current level of completion allows a buyer to take control immediately and finish the development with their own design direction, branding, amenities, or unit configuration preferences. THE LOCATION Situated in Ivy City, 1825 Kendall Street NE sits within one of DC’s most active and rapidly evolving neighborhoods, marked by significant private investment, new construction, and a growing mix of restaurants, breweries, entertainment venues, and boutique retail. Adjacent to the broader Union Market district — anchored by its renowned food hall, high-end retail, and major mixed-use development — the area draws strong demand from students and young professionals, supported by proximity to Gallaudet University and short travel times to Trinity Washington University, Howard University, and Catholic University. The property offers excellent connectivity, with a 10-minute drive to Union Station and direct access to New York Avenue, the H Street Corridor, NoMa, and the Union Market/Florida Avenue corridor. Overall, 1825 Kendall Street NE provides a rare opportunity to secure a scalable development site with significant upside in a rapidly-growing submarket.