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TRELLIS Herndon 315 Elden St 168 Unit Apartment Building For Sale Herndon, VA 20170
Investment Highlights
- Top-Tier Property Performance with Upside
- Compelling Submarket Fundamental
- Premier Herndon–Reston Location
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 168 | Lot Size | 6.48 AC |
| Property Type | Multifamily | Building Size | 259,965 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2024 |
| Zoning | PD-UR | ||
| Sale Type | Investment |
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.48 AC |
| Building Size | 259,965 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | PD-UR |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
- Package Service
- Wi-Fi
- Storage Space
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 84 | - | 525 - 550 |
| 1+1 | 42 | - | 625 |
| 2+2 | 42 | - | 915 |
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Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 0171-02-0007 | Improvements Assessment | $19,296,345 CAD |
| Land Assessment | $9,649,574 CAD | Total Assessment | $28,945,919 CAD |
Property Taxes
Parcel Number
0171-02-0007
Land Assessment
$9,649,574 CAD
Improvements Assessment
$19,296,345 CAD
Total Assessment
$28,945,919 CAD
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TRELLIS Herndon | 315 Elden St
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