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**Marcus & Millichap Closes $3.38M Sale of Waltham Multifamily Property**
Marcus & Millichap has completed the sale of a nine-unit multifamily property located at 9-19 Brown Street in Waltham, Massachusetts, for a total of $3,380,000. The identities of the buyer and seller were not disclosed.
“You can argue that Waltham is the most sought-after multifamily market within the Route 128 corridor, and we were able to generate five offers on the first day of property tours, which ultimately drove the price above asking,” said Tony Pepdjonovic, Senior Managing Director at Marcus & Millichap.
Evan Griffith, also a Senior Managing Director, added, “Buyers were willing to pay a premium for this turn-key investment that featured fully renovated apartments, common areas, and exterior upgrades.” Both Griffith and Pepdjonovic represented the seller and successfully procured the buyer for the transaction.
The property at 9-19 Brown Street features a mix of one- and two-bedroom apartments along with three-bedroom townhouses. Amenities include off-street parking, onsite laundry facilities, and six rentable garages. The location is positioned on the south side of Waltham, offering convenient access to the Charles River Walk, Waltham MBTA station, Boston Children’s Hospital, Brandeis University, and the retail and dining options along Main and Moody Streets.
Industry professionals will have the opportunity to hear more insights from Marcus & Millichap and other key players in the multifamily sector at Connect Apartments 2025. This one-day event takes place in Los Angeles on September 11 and features executives from Equity Residential, Related California, Hanover Residential, Thorofare Capital, and others, as they discuss investment strategies, regulatory changes, and emerging trends shaping the industry.
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