Press Releases
Marcus & Millichap Brokers $4.3M Sale of Multifamily Property in Washington D.C.
October 14, 2026
WASHINGTON, D.C., Oct. 14, 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 Park MacArthur, a 17-unit multifamily property in Northwest Washington D.C. The asset sold for $4.3 million.
“Park MacArthur stood out in the market as a high-quality asset, professionally maintained by a well-respected seller and ideally located in the Palisades, just minutes from Georgetown,” said John Slowinski, associate director investments in Marcus & Millichap's Washington D.C. office. "The quality of both the property and the location was evident throughout our marketing process and ultimately resonated with the buyer, who recognized the long-term stability in the deal as well as opportunities to create additional value in the future."
Slowinski, Ryan Murray and Marty Zupancic of Marcus & Millichap exclusively marketed the property on behalf of the seller, Ernst Equities.
The three-story property is 13,360 square feet on a 10,019-square-foot lot. It was built in 1939 and renovated in 2015 with updated unit finishes, new windows and upgraded building systems. The roof and skylight were replaced and remain under warranty, and additional updates include the fire alarm system replacement in 2024 and installation of site security cameras in 2022. The 17 units are all one-bedroom, with potential to convert select units into two-bedroom apartments.
Park MacArthur, located at 4564 MacArthur Blvd. NW, is less than one mile from Georgetown University and offers access to Canal Road and MacArthur Boulevard. The property is surrounded by a mix of single-family homes, small apartment buildings, parks and local retail.
“Park MacArthur stood out in the market as a high-quality asset, professionally maintained by a well-respected seller and ideally located in the Palisades, just minutes from Georgetown,” said John Slowinski, associate director investments in Marcus & Millichap's Washington D.C. office. "The quality of both the property and the location was evident throughout our marketing process and ultimately resonated with the buyer, who recognized the long-term stability in the deal as well as opportunities to create additional value in the future."
Slowinski, Ryan Murray and Marty Zupancic of Marcus & Millichap exclusively marketed the property on behalf of the seller, Ernst Equities.
The three-story property is 13,360 square feet on a 10,019-square-foot lot. It was built in 1939 and renovated in 2015 with updated unit finishes, new windows and upgraded building systems. The roof and skylight were replaced and remain under warranty, and additional updates include the fire alarm system replacement in 2024 and installation of site security cameras in 2022. The 17 units are all one-bedroom, with potential to convert select units into two-bedroom apartments.
Park MacArthur, located at 4564 MacArthur Blvd. NW, is less than one mile from Georgetown University and offers access to Canal Road and MacArthur Boulevard. The property is surrounded by a mix of single-family homes, small apartment buildings, parks and local retail.
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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.
