202-302-9742
315 Elden St, Herndon, VA for Sale
Apartments - FOR SALE
1/42
null | Request Cap Rate

315 Elden St
Herndon, VA 20170


HIGHLIGHTS

  • Top-Tier Property Performance with Upside
  • Premier Herndon–Reston Location
  • Compelling Submarket Fundamental

OVERVIEW

Walker & Dunlop Investment Sales, LLC (WDIS) is pleased to present the exclusive opportunity to acquire Trellis Herndon, a 168-unit institutional-quality asset situated at the epicenter of the Herndon-Reston corridor. This investment offers a rare entry point into a high-barrier submarket characterized by an elite demographic profile, where median household incomes of $181,000 provide significant rent-to-income headroom and a resilient, high-credit-quality tenant base. By capturing the convergence of suburban stability and urban accessibility, the asset is positioned to outperform in a market defined by restricted new supply and consistent absorption. Strategically located within the Dulles Technology Corridor, Trellis Herndon serves as a primary residential node for Northern Virginia’s mission-critical workforce. The property’s proximity to industry titans, including Amazon Web Services (AWS), Northrop Grumman, and Peraton, ensures a permanent demand driver fueled by the region’s dominant aerospace, defense, and cloud computing sectors. Complemented by immediate access to the premier retail and lifestyle amenities of Reston Town Center, the asset offers a superior competitive position relative to the existing vintage stock. Trellis Herndon represents a premier investment opportunity with a clear trajectory for organic rent growth. The combination of compelling submarket fundamentals, an affluent employment base, and an increasingly constrained development pipeline creates a high-conviction opportunity for investors seeking durable cash flow and long-term capital appreciation within one of the nation’s most liquid and top-performing multifamily markets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

168

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRELLIS Herndon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.48 AC

LAND SF

282,269 SF

ZONING

PD-UR

APN/PARCEL ID

0171-02-0007

ASK ABOUT THIS PROPERTY

Scott DoyleWalker & DunlopMore Info
202-302-9742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Scott DoyleWalker & DunlopMore Info
202-302-9742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.