BOSTON— Marcus & Millichap (NYSE: MMI)has announced the sale of a nine-unit multifamily property located in Waltham, Massachusetts, for $3,380,000.
The property, located at 9–19 Brown Street, features a mix of one- and two-bedroom apartments as well as three-bedroom townhouses. Recently renovated throughout, the building offers updated apartments, modernized common areas, and extensive exterior upgrades. Additional amenities include off-street parking, on-site laundry, and six rentable garages.
The transaction was brokered by Tony Pepdjonovic and Evan Griffith, senior managing directors at Marcus & Millichap, who represented the seller and procured the buyer.
“You can argue that Waltham is the most sought-after multifamily market within 128,” said Pepdjonovic. “We were able to generate five offers on the first day of property tours, which ultimately drove the price above asking.”
Griffith added, “Buyers were willing to pay a premium for this turn-key investment. The quality of renovations and the location made it a highly attractive asset.”
The property is located on Waltham’s south side, near the Charles River Walk and within close proximity to the Waltham MBTA station, Boston Children’s Hospital, and Brandeis University. It also offers easy access to the bustling retail and dining scenes along Main and Moody Streets.
The deal highlights continued investor demand for high-quality multifamily assets in Greater Boston, particularly in transit-accessible and institution-adjacent submarkets like Waltham.
