Marcus & Millichap Brokers Sale of 14-Unit Multifamily Property in Wisconsin

Strategic Insights -

The sale of Laras Estates Apartment Homes, a 14-unit multifamily property in Dickeyville, Wisconsin, highlights the growing interest in the Driftless Region of Wisconsin as a popular destination for investors. This region offers access to regional hubs like Madison and Dubuque, making it an attractive market for multifamily investments. The property, built in 2023 and featuring 926 square feet of living space and a 290-square-foot attached heated garage, was sold to a Washington investor through Marcus & Millichap's Milwaukee office.

Key Takeaways:

  • The sale of Laras Estates Apartment Homes, a 14-unit multifamily property in Dickeyville, Wisconsin, occurred through Marcus & Millichap's Milwaukee office, led by investment specialist Daniel Bowar.
  • The property was sold to a Washington investor and included 14 two-bedroom, one-bath units, each offering 926 square feet of living space and a 290-square-foot attached heated garage.
  • The sale marks a significant transaction in the Driftless Region of Wisconsin, which continues to attract investor interest due to its proximity to regional hubs like Madison and Dubuque.
  • The property has been added to the sales volume of approximately $49.6 billion closed by Marcus & Millichap in 2024.
  • The sale further highlights the growth of the multifamily market in the region, as seen in the limited supply and tight vacancy across Wisconsin.
  • The transaction demonstrates the expertise of Marcus & Millichap's Milwaukee office in meeting the needs of both sellers and buyers in the commercial real estate market.
  • Midwest Community Development, the seller, successfully divested their asset through Marcus & Millichap's exclusive listing.
  • The firm's market research, consulting, and advisory services played a significant role in facilitating this transaction.

Statistics:

  • 14 units in the Laras Estates Apartment Homes multifamily property were sold through Marcus & Millichap's Milwaukee office.
  • The sale price of the property was not disclosed.
  • The property was sold to a Washington investor.
  • Marcus & Millichap's sales volume for 2024 was approximately $49.6 billion.
  • The company had 1,712 investment sales and financing professionals as of December 31, 2024.
  • Marcus & Millichap closed 7,836 transactions in 2024.

Sources:

  • Marcus & Millichap press release (July 28, 2025)
  • Marcus & Millichap corporate website (www.MarcusMillichap.com)