Marcus & Millichap Inc.
09/22/2025 | Press release | Distributed by Public on 09/23/2025 17:59
Marcus & Millichap Arranges $5.6M Multifamily Sale in Attleboro, Massachusetts
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Marcus & Millichap Arranges $5.6M Multifamily Sale in Attleboro, Massachusetts
September 22, 2025
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ATTLEBORO, Mass., Sept. 22, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5.6 million sale of the Elizabeth Court Apartments, a 26-unit multifamily property located in Attleboro, Massachusetts.
"Elizabeth Court was a unique value-add opportunity, as the apartments and property were well maintained by the sellers, yet their rents were significantly below market. The buyer can drastically increase income with minimal capital investment through a more aggressive management strategy," said Tony Pepdjonovic, senior managing director. "We were also able to achieve full asking price with no contingencies, showing how strong the market fundamentals remain in the suburbs," added Evan Griffith, senior managing director.
Griffith and Pepdjonovic represented the seller and procured the buyer.
The asset, built in 1976, is located on Elizabeth and State Street encompassing 1.14 acres in the downtown area of Attleboro. The unit mix consists of 20 two-bedroom apartments and six one-bedroom apartments, along with 32 off-street parking spaces. Elizabeth court is conveniently located near Interstate-95 and within walking distance of the MBTA Attleboro Station, Capron Park, and downtown retail and dining.
"Elizabeth Court was a unique value-add opportunity, as the apartments and property were well maintained by the sellers, yet their rents were significantly below market. The buyer can drastically increase income with minimal capital investment through a more aggressive management strategy," said Tony Pepdjonovic, senior managing director. "We were also able to achieve full asking price with no contingencies, showing how strong the market fundamentals remain in the suburbs," added Evan Griffith, senior managing director.
Griffith and Pepdjonovic represented the seller and procured the buyer.
The asset, built in 1976, is located on Elizabeth and State Street encompassing 1.14 acres in the downtown area of Attleboro. The unit mix consists of 20 two-bedroom apartments and six one-bedroom apartments, along with 32 off-street parking spaces. Elizabeth court is conveniently located near Interstate-95 and within walking distance of the MBTA Attleboro Station, Capron Park, and downtown retail and dining.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 23, 2025 at 23:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]