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Marcus & Millichap has completed the $2-million sale of a multifamily building in Washington, DC.

Marcus & Millichap Facilitates $2M Sale of Capitol Hill Multifamily

Marcus & Millichap has completed the $2-million sale of a 4,323-square-foot multifamily apartment complex in the Capitol Hill area of Washington, DC.

Nick Murray, Marty Zupancic, Joseph Tabb, Dennis Cravedi and Eric Jentoft-Herr of Marcus & Millichap represented the seller — a veteran-owned, short-term furnished housing provider that has been operating this property as a part of its larger portfolio in Capitol Hill for almost 30 years — and sourced the buyer.

“It was a pleasure working with both the seller and buyer completing the transaction in this historic neighborhood of Washington, D.C. Similar, boutique properties in Capitol Hill rarely trade, so we are happy to have executed this assignment for all parties involved,” said Murray.

The property sits at 623 A Street NE in a neighborhood offering abundant employment opportunities in both the public and private sector, nationally ranked universities and endless recreational activities, sightseeing, and upscale dining.


Inside The Story

Marcus & Millichap's Murray

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition