Press Releases
Marcus & Millichap Arranges $3.65M Sale of 15-Townhome Portfolio in New Richmond and Roberts, Wisconsin
January 27, 2026
NEW RICHMOND, Wis., Jan. 27, 2026 – 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 a 15-townhome portfolio in New Richmond and Roberts, Wisconsin, for $3.65 million, to an all-cash, out-of-state buyer.
“Many investors, both in-state and out-of-state, are positioning their portfolios in areas where the scarcity of rental inventory is driving strong demand, particularly in western Wisconsin,” said Scott M. Anderson. "At a time when high interest rates and record construction costs are preventing many from purchasing homes, more residents are turning to rentals. As a result, western Wisconsin rents are at all-time highs and have increased year over year since before the pandemic. Whether investing in western Wisconsin or already holding assets there, equity placed under these conditions is well-maintained and positioned to generate wealth in both the short and long term.”
Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the in-state seller and procured the out-of-state buyer.
The subject portfolio is located approximately 40 miles from Minneapolis-St. Paul, consisting of 15 three-bedroom, two-bathroom townhomes across 22,500 rentable square feet. Built in 2018-2019, each unit includes an attached two-car garage, covered front porch, concrete patio and dedicated green space, a rare find for investors to acquire this volume of townhomes in a portfolio sale in this area.
“Many investors, both in-state and out-of-state, are positioning their portfolios in areas where the scarcity of rental inventory is driving strong demand, particularly in western Wisconsin,” said Scott M. Anderson. "At a time when high interest rates and record construction costs are preventing many from purchasing homes, more residents are turning to rentals. As a result, western Wisconsin rents are at all-time highs and have increased year over year since before the pandemic. Whether investing in western Wisconsin or already holding assets there, equity placed under these conditions is well-maintained and positioned to generate wealth in both the short and long term.”
Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the in-state seller and procured the out-of-state buyer.
The subject portfolio is located approximately 40 miles from Minneapolis-St. Paul, consisting of 15 three-bedroom, two-bathroom townhomes across 22,500 rentable square feet. Built in 2018-2019, each unit includes an attached two-car garage, covered front porch, concrete patio and dedicated green space, a rare find for investors to acquire this volume of townhomes in a portfolio sale in this area.
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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.
