Marcus & Millichap brokered the sale of a 49-unit multifamily portfolio in Ellsworth and Baldwin, Wisconsin. The properties sold for $5.8 million.
Scott Anderson, multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the portfolio on behalf of the seller and procured the buyer. Both parties involved in the transaction are Wisconsin-based investors. Todd Lindblom is the firm’s broker of record in Wisconsin.
The subject portfolio includes 25 units across five buildings in Ellsworth, with a mix of 16 two-bedroom, eight one-bedroom and one studio unit; as well as two buildings in Baldwin, comprised of 24 two-bedroom units. Both properties are within an hour of the Minneapolis–St. Paul metro area.
