Marcus & Millichap Brokers $9.7M Sale Of Multifamily Properties To Local Buyer In St. Cloud

The transaction involved the sale of two multifamily properties located at 299 14th Avenue Southeast and 1604 7th Street Southeast in St. Cloud, MN. The total sale price for the properties was $9,700,000, encompassing 180 units with a price per unit of $53,889. The properties collectively spanned 163,158 square feet, resulting in a price per square foot of $59.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,700,000
• Units: 180
• Price per Unit: $53,889
• Square Footage: 163,158
• Price per Square Foot: $59
• Sale Date: 11/21/2025
• Market: St. Cloud, MN
• Brokers: Chris Collins, Evan Miller & Matt Shide - Marcus & Millichap

The deal was brokered by Marcus & Millichap, with Chris Collins, Evan Miller, and Matthew Shide representing the seller, a Minnesota LLC, while successfully procuring a local LLC buyer for the transaction.