Press Releases
Marcus & Millichap Arranges $2.43 Million Sale of Multifamily Property in Fife, Washington
July 10, 2026
FIFE, Wash., July 10, 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 Fife Village Apartments, a 16-unit multifamily property in Fife, Washington, for $2,425,000.
“Strong investor demand for well-located apartment communities continues across the Puget Sound region,” said Kellan Moll, managing director investments. “This property generated 14 offers and ultimately sold more than 15% above the asking price, demonstrating the continued appetite for multifamily assets with clear opportunities to increase long-term value.”
Moll and Scott Morasch, investment specialists in Marcus & Millichap’s Seattle office, exclusively marketed the property on behalf of the seller, Fife Village, LLC, and procured the buyer, JBP WA, LLC. Following the sale, the seller completed a 1031 exchange into a net-leased retail property in Wyoming through another Marcus & Millichap investment specialist.
The property is located at 2102 62nd Ave. E. Built in 1984, the 16-unit community totals 13,200 rentable square feet on 1.09 acres. The property had been owned and operated by the same family for two generations and offers below-market in-place rents supported by a long-term tenant base. The buyer plans to renovate all units to increase rental income and hold the property as a long-term investment.
“Strong investor demand for well-located apartment communities continues across the Puget Sound region,” said Kellan Moll, managing director investments. “This property generated 14 offers and ultimately sold more than 15% above the asking price, demonstrating the continued appetite for multifamily assets with clear opportunities to increase long-term value.”
Moll and Scott Morasch, investment specialists in Marcus & Millichap’s Seattle office, exclusively marketed the property on behalf of the seller, Fife Village, LLC, and procured the buyer, JBP WA, LLC. Following the sale, the seller completed a 1031 exchange into a net-leased retail property in Wyoming through another Marcus & Millichap investment specialist.
The property is located at 2102 62nd Ave. E. Built in 1984, the 16-unit community totals 13,200 rentable square feet on 1.09 acres. The property had been owned and operated by the same family for two generations and offers below-market in-place rents supported by a long-term tenant base. The buyer plans to renovate all units to increase rental income and hold the property as a long-term investment.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
