Press Releases
Marcus & Millichap Arranges $6.6M Sale of 64-Unit Multifamily Portfolio in Saint Paul
November 13, 2026
SAINT PAUL, Minn., Nov. 13, 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 Spanish Villa and Autumn Manor Apartments, two multifamily properties totaling 64 units in Saint Paul, Minnesota. The properties collectively sold for $6.6 million.
“After 45 years of ownership by the same family, this sale marks a new chapter for both properties,” said Abe Roberts, senior managing director. “The buyer plans to make exterior improvements and take a long-term approach to ownership, reflecting the continued investor demand for well-located, well-maintained multifamily assets in the Twin Cities market.”
Roberts, Mike Jacobs and Tommy Hartwell, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a family partnership, and procured the buyer, a local private investor.
Spanish Villa, located at 1940 Iglehart Ave., was built in 1972 and features 32 one- and two-bedroom units totaling 30,700 rentable square feet. Autumn Manor, located at 1940 Marshall Ave., was built in 1967 and comprises 32 one- and two-bedroom units. The properties are situated just down the street from each other in Saint Paul’s Merriam Park neighborhood, near Macalester College and the University of St. Thomas.
“After 45 years of ownership by the same family, this sale marks a new chapter for both properties,” said Abe Roberts, senior managing director. “The buyer plans to make exterior improvements and take a long-term approach to ownership, reflecting the continued investor demand for well-located, well-maintained multifamily assets in the Twin Cities market.”
Roberts, Mike Jacobs and Tommy Hartwell, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a family partnership, and procured the buyer, a local private investor.
Spanish Villa, located at 1940 Iglehart Ave., was built in 1972 and features 32 one- and two-bedroom units totaling 30,700 rentable square feet. Autumn Manor, located at 1940 Marshall Ave., was built in 1967 and comprises 32 one- and two-bedroom units. The properties are situated just down the street from each other in Saint Paul’s Merriam Park neighborhood, near Macalester College and the University of St. Thomas.
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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.
