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Marcus & Millichap Arranges $2.35M Sale of 42-Unit Multifamily Property in St. Cloud, Minnesota

September 30, 2025

ST. CLOUD, Minn., Sept. 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 sale of Hampton Place, a 42-unit multifamily property in St. Cloud, Minnesota, for $2.35 million. 

“Demand for naturally affordable housing like Hampton Place remains strong in St. Cloud and similar communities,” said Chris Collins, senior director investments.  

Collins and Evan Miller, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Minnesota limited liability companies. 

Hampton Place is located at 503 15th Ave. SE and features a mix of one-, two- and three-bedroom units across 34,597 rentable square feet. Built in 1989, the property is on 1.65 acres in St. Cloud, a regional hub known for its strong education, healthcare and arts sectors. It is less than 10 minutes from St. Cloud State University and the Mississippi River. 

 

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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 www.MarcusMillichap.com.

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