Press Releases
Marcus & Millichap Brokers $2.47 Million Sale of 17-Unit Red Brick Apartments in Lakewood, Colorado
October 12, 2026
LAKEWOOD, Colo., Oct. 12, 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 Red Brick Apartments, a 17-unit multifamily property in Lakewood, Colorado, for $2.47 million, or approximately $145,000 per unit.
“Red Brick Apartments drew strong interest from investors looking for well-maintained, stabilized multifamily opportunities in Lakewood,” said Charles Burkhart, associate director investments. “The property was 100% occupied at the time of sale with minimal deferred maintenance, allowing the buyer to underwrite durable in-place cash flow. The buyer, a local investor who already owns multifamily properties in the area, saw the acquisition as a natural opportunity to expand his Lakewood portfolio.”
“Smaller, well-located assets with strong occupancy and a simple operating story are still drawing a deep pool of private capital,” added Greg Parker, managing director investments. “Red Brick fit that profile and generated a competitive process despite a more selective transaction environment.”
Burkhart, Parker and Jason Hornik, investment specialists in Marcus & Millichap’s Denver office, exclusively marketed the property on behalf of the private seller.
Red Brick Apartments is located at 1363 Pierce St. Built in 1961, the property comprises 13,350 square feet on 0.75 acres and features 17 apartment units averaging 785 square feet. The unit mix includes 13 one-bedroom and four two-bedroom apartments.
“Red Brick Apartments drew strong interest from investors looking for well-maintained, stabilized multifamily opportunities in Lakewood,” said Charles Burkhart, associate director investments. “The property was 100% occupied at the time of sale with minimal deferred maintenance, allowing the buyer to underwrite durable in-place cash flow. The buyer, a local investor who already owns multifamily properties in the area, saw the acquisition as a natural opportunity to expand his Lakewood portfolio.”
“Smaller, well-located assets with strong occupancy and a simple operating story are still drawing a deep pool of private capital,” added Greg Parker, managing director investments. “Red Brick fit that profile and generated a competitive process despite a more selective transaction environment.”
Burkhart, Parker and Jason Hornik, investment specialists in Marcus & Millichap’s Denver office, exclusively marketed the property on behalf of the private seller.
Red Brick Apartments is located at 1363 Pierce St. Built in 1961, the property comprises 13,350 square feet on 0.75 acres and features 17 apartment units averaging 785 square feet. The unit mix includes 13 one-bedroom and four two-bedroom apartments.
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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.
