Marcus & Millichap Inc.
10/30/2025 | Press release | Archived content
Marcus & Millichap Brokers $2M Sale of 20-Unit Multifamily Asset in Takoma Park, Maryland
Press Releases
Marcus & Millichap Brokers $2M Sale of 20-Unit Multifamily Asset in Takoma Park, Maryland
October 30, 2025
LinkedIn Email App
TAKOMA PARK, Md., Oct. 30, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $2 million sale of The Flower House, a 20-unit multifamily asset in Takoma Park, Maryland. The property, part of an eight-property portfolio, was sold through a Chapter 11 bankruptcy process subject to United States Bankruptcy Court approval.
"Flower House attracted a tremendous amount of interest due to its location, stable and consistent economic performance and long history of thoughtful, hands-on ownership," said Ryan Murray, associate investments. "We ultimately selected Alan Associates, Inc. for its proven track record in suburban Maryland multifamily and its long-term commitment to providing and preserving quality, affordable housing. We recognized what this property has meant to the family over the decades and wanted to ensure it was placed in the hands of a buyer who would continue that legacy moving forward."
Murray, along with Marty Zupancic and John Slowinski of the Zupancic Group of Marcus & Millichap, represented the seller, Olympia Investments Inc., and procured the buyer, Alan Management. This is the first time the property has traded. The buyer plans to operate the asset as a long-term hold, maintaining its strong occupancy while making select improvements over time.
Built in 1958, The Flower House is located at 8212 Flower Ave. The three-story property totals 15,846 square feet and includes 11 one-bedroom and nine two-bedroom units averaging 718 square feet. The property was owned and managed by the same family for more than 65 years and features hardwood floors, on-site laundry facilities, and 24 off-street parking spaces.
The property is near downtown Takoma Park and Silver Spring, offering residents convenient access to major employment centers, parks, and retail corridors.
"The response we received on this deal shows that capital is still active for the right opportunities," Murray added. "Well-maintained, cash-flowing assets in strong suburban locations like Takoma Park continue to trade."
"Flower House attracted a tremendous amount of interest due to its location, stable and consistent economic performance and long history of thoughtful, hands-on ownership," said Ryan Murray, associate investments. "We ultimately selected Alan Associates, Inc. for its proven track record in suburban Maryland multifamily and its long-term commitment to providing and preserving quality, affordable housing. We recognized what this property has meant to the family over the decades and wanted to ensure it was placed in the hands of a buyer who would continue that legacy moving forward."
Murray, along with Marty Zupancic and John Slowinski of the Zupancic Group of Marcus & Millichap, represented the seller, Olympia Investments Inc., and procured the buyer, Alan Management. This is the first time the property has traded. The buyer plans to operate the asset as a long-term hold, maintaining its strong occupancy while making select improvements over time.
Built in 1958, The Flower House is located at 8212 Flower Ave. The three-story property totals 15,846 square feet and includes 11 one-bedroom and nine two-bedroom units averaging 718 square feet. The property was owned and managed by the same family for more than 65 years and features hardwood floors, on-site laundry facilities, and 24 off-street parking spaces.
The property is near downtown Takoma Park and Silver Spring, offering residents convenient access to major employment centers, parks, and retail corridors.
"The response we received on this deal shows that capital is still active for the right opportunities," Murray added. "Well-maintained, cash-flowing assets in strong suburban locations like Takoma Park continue to trade."
# # #
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 October 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 04, 2025 at 00:27 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]