Marcus & Millichap Sells The Residences At Des Moines Road Multifamily In Quincy For $2.4M

The Residences at Des Moines Road is a seven-unit multifamily property located at 13-21 Des Moines Road in Quincy, Massachusetts. The asset, which measures 9,640 square feet and was built in 2005, comprises six two-bedroom units and one penthouse. It was sold for $2,400,000, achieving a price per unit of $342,857.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,400,000
• Units: 7
• Price Per Unit: $342,857
• Address: 13-21 Des Moines Road
• Market: Quincy, MA

The transaction was facilitated by brokers Tony Pepdjonovic and Evan Griffith from Marcus & Millichap. The property attracted multiple offers and was acquired by an all-cash 1031-exchange buyer.