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Chicago & Midwest  + Midwest  + Apartments  |  May 18, 2026
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Completes 20-Townhome Portfolio Deal in Wisconsin

Marcus & Millichap closed the sale of a 20-townhome portfolio in New Richmond, Wisconsin, for $4.6 million.

The portfolio consists of 20 townhomes on Norway Pine Circle. Built in 2016, all units are three-bedroom, two-bathroom homes. The property is located in the growing City of New Richmond in St. Croix County, about 40 miles from Minneapolis–Saint Paul.

“Townhome portfolios in New Richmond rarely trade, as most are owned by individual homeowners, making this a particularly notable transaction for the market,” said Scott M. Anderson, multifamily investment specialist. “This marks the largest townhome portfolio sale in the city to an investment group where the seller was not the original developer.”

Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Wisconsin-based investment group, and procured the buyer, a Wisconsin-based syndication.

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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