Press Releases
Marcus & Millichap Brokers Sale of 22-Unit Multifamily Asset in Takoma Park, Maryland
January 08, 2026
TAKOMA PARK, Md., Jan. 8, 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 22-unit multifamily property in Takoma Park, Maryland, for $1,815,000.
“This transaction marks the second multifamily property our team has sold in Takoma Park within the last month, which speaks to our boots-on-the-ground presence and real-time understanding of the submarket. The property had been owned by the same family for decades and was eventually placed into a family trust, with ownership later transitioning to out-of-town owners,” said Ryan Murray, associate director investments. “We’re proud to help the family achieve a smooth and successful transition and to place the property with Alan Associates, a highly respected owner and operator in Montgomery County. Their commitment to making thoughtful improvements while continuing to provide high-quality, affordable housing makes them an ideal long-term owner of the asset.”
Murray, along with John Slowinski and Marty Zupancic of the Zupancic Group of Marcus & Millichap, represented the seller, a private family trust.
Built in 1955, the 15,428-square-foot multifamily building at 8306–8308 Barron St. is situated on a 1.24-acre lot. The property is 95% occupied and features a unit mix of 20 one-bedroom and two two-bedroom units.
“While the broader market remains selective, we’re seeing strong demand for well-located multifamily assets in close-in submarkets like Takoma Park, particularly from experienced local operators,” Murray added. “Pricing has adjusted, but that reset has created a healthier environment where deals are getting done and long-term owners are stepping in with confidence.”
“This transaction marks the second multifamily property our team has sold in Takoma Park within the last month, which speaks to our boots-on-the-ground presence and real-time understanding of the submarket. The property had been owned by the same family for decades and was eventually placed into a family trust, with ownership later transitioning to out-of-town owners,” said Ryan Murray, associate director investments. “We’re proud to help the family achieve a smooth and successful transition and to place the property with Alan Associates, a highly respected owner and operator in Montgomery County. Their commitment to making thoughtful improvements while continuing to provide high-quality, affordable housing makes them an ideal long-term owner of the asset.”
Murray, along with John Slowinski and Marty Zupancic of the Zupancic Group of Marcus & Millichap, represented the seller, a private family trust.
Built in 1955, the 15,428-square-foot multifamily building at 8306–8308 Barron St. is situated on a 1.24-acre lot. The property is 95% occupied and features a unit mix of 20 one-bedroom and two two-bedroom units.
“While the broader market remains selective, we’re seeing strong demand for well-located multifamily assets in close-in submarkets like Takoma Park, particularly from experienced local operators,” Murray added. “Pricing has adjusted, but that reset has created a healthier environment where deals are getting done and long-term owners are stepping in with confidence.”
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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.
