Marcus & Millichap Capital Corporation Arranges $7.6M Financing For 52-Unit Multifamily Property In Burlington IA

The transaction involves a multifamily property located at 424 North 3rd Street in Burlington, Iowa. The sale was closed on December 19, 2025, for a total price of $7,600,000. This property comprises 52 units, yielding a per-unit price of $146,154.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,600,000
• Units: 52
• Price Per Unit: $146,154
• Broker: Robert Bhat - Marcus & Millichap

Marcus & Millichap Capital Corporation facilitated non-recourse financing amounting to $7.6 million for this property. The financing consists of a 5-year, interest-only loan at a 70% loan-to-value ratio, arranged for a private client, aiding in the successful completion of the transaction.