Colarusso Properties LLC Acquires Multifamily Property In Paulding From Covington Properties LLC For $2.9M

The sale involved a multifamily property located at 1001 West Wayne Street in Paulding, Ohio. The transaction was completed on October 31, 2025, with a sale price of $2,900,000 for the property, which includes 48 units. The price per unit was recorded at $60,417.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,900,000
• Units: 48
• Price Per Unit: $60,417
• Buyer: Colarusso Properties LLC
• Seller: Covington Properties LLC
• Brokers: Teddy Kenny, Aaron Kuroiwa & Austin Meeker - Marcus & Millichap

Marcus & Millichap brokered the sale of Whispering Pines, which also comprises 67 self-storage units. Teddy Kenny, Aaron Kuroiwa, and Austin Meeker acted as the representatives for Covington Properties LLC in this transaction, successfully securing the buyer, Colarusso Properties LLC.