Marcus & Millichap has completed the sale of 1340 21st St. NW, a 10-unit apartment property located in Washington, D.C. The property sold for $3.8 million, or $380,000 per unit.

“Our team executed a highly competitive marketing process, generating multiple offers while successfully navigating D.C.’s TOPA requirements,” said Lorenzo Wooten, Jr., CCIM, first vice president investments. “This transaction underscores our ability to create win-win outcomes for both sellers and buyers in D.C.’s dynamic multifamily market.”

Wooten and Jacob Krens, investment specialists in Marcus & Millichap’s Washington D.C. office, had the exclusive listing to market the property on behalf of the seller, O Street Corporation. Built in 1910, the three-story property features a mix of studio, one- and two-bedroom units.

Located one block from Dupont Circle and two blocks from the Metro, the property benefits from one of D.C.’s highest rental markets, strong investor demand and long-term value appreciation.