Marcus & Millichap closed the sale of The Edgewater Apartments, a 48-unit multifamily property located in Milwaukee, Wisconsin. The property sold for $4,875,000, or $101,563 per unit.
Blake Hanlon and Mark Peltin, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a long-time client, and procured the buyer, a repeat-buyer looking to expand their holdings.
The Edgewater Apartments is situated on a 0.32-acre parcel at 1106 E. Knapp St. Built in 1963, the property features one-bedroom units across 30,576 square feet, as well as an on-site laundry facility and 22-space underground parking garage. It is within walking distance of Milwaukee’s lakefront and downtown amenities.
