Marcus & Millichap Inc.
08/12/2026 | Press release | Archived content
Marcus & Millichap Arranges $2.4M Multifamily Sale in Quincy, MA
Press Releases
Marcus & Millichap Arranges $2.4M Multifamily Sale in Quincy, MA
August 12, 2026
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QUINCY, Mass., Aug. 12, 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 The Residences at Des Moines Road, a seven-unit multifamily property in Quincy, Massachusetts. The asset sold for $2,400,000.
"13-21 Des Moines was built in 2005 and features expansive layouts, central air conditioning, separated utilities including water, and 2 parking spots per unit making it an excellent buy-and-hold rental or future condominium-exit play," said Tony Pepdjonovic, senior managing director in Marcus & Millichap's Boston office. "This is a truly unique building that brought about tremendous interest from the opening launch. We had multiple offers and went under agreement to an all-cash 1031-exchange buyer," added Evan Griffith, senior managing director.
Tony Pepdjonovic and Evan Griffith of Marcus & Millichap exclusively marketed the property on behalf of the sellers who originally developed the property.
Located at 13-21 Des Moines Road, The Residences at Des Moines Road consists of a 9,640-square-foot building on a 0.32-acre lot with on-site parking. The four-story property was built in 2005 and includes seven units: six two-bedroom apartments and one four-bedroom penthouse.
The property is situated in the Quincy Point community convenient to public train and bus transit as well as downtown Quincy Center.
"13-21 Des Moines was built in 2005 and features expansive layouts, central air conditioning, separated utilities including water, and 2 parking spots per unit making it an excellent buy-and-hold rental or future condominium-exit play," said Tony Pepdjonovic, senior managing director in Marcus & Millichap's Boston office. "This is a truly unique building that brought about tremendous interest from the opening launch. We had multiple offers and went under agreement to an all-cash 1031-exchange buyer," added Evan Griffith, senior managing director.
Tony Pepdjonovic and Evan Griffith of Marcus & Millichap exclusively marketed the property on behalf of the sellers who originally developed the property.
Located at 13-21 Des Moines Road, The Residences at Des Moines Road consists of a 9,640-square-foot building on a 0.32-acre lot with on-site parking. The four-story property was built in 2005 and includes seven units: six two-bedroom apartments and one four-bedroom penthouse.
The property is situated in the Quincy Point community convenient to public train and bus transit as well as downtown Quincy Center.
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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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 14, 2026 at 22:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]