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Marcus & Millichap Brokers Sale of 90-Unit Apartment Property in De Pere, Wisconsin

Strategic Insights

— 1 min read

Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of Crow's Nest Apartments, a 90-unit multifamily property located in De Pere, Wisconsin. The property, originally home to several Green Bay Packers, combines strong tenant appeal with significant upside potential. With current rents below market averages and local vacancy rates among the lowest in the country, the buyer is well positioned to benefit from ongoing demand and limited new supply in the Greater Green Bay area.

Key Takeaways:

  • Crow's Nest Apartments is a 90-unit multifamily property located in De Pere, Wisconsin, with a mix of studio, one-, two- and three-bedroom apartments.
  • The property was originally home to several Green Bay Packers and is located just across the river from Lambeau Field.
  • The buyer, the MLG Legacy Fund, is well-positioned to benefit from ongoing demand and limited new supply in the Greater Green Bay area.
  • The property includes amenities such as an indoor pool and sauna, resident lounge, updated laundry facilities, and 96 underground parking spaces.
  • Marcus & Millichap, Inc. (NYSE: MMI) has 1,712 investment sales and financing professionals in over 80 offices, providing investment brokerage and financing services to sellers and buyers of commercial real estate.
  • The company closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion.

Statistics:

  • 90-unit multifamily property located in De Pere, Wisconsin, sold by Marcus & Millichap.
  • 6.29-acre property sits on a neighborhood along the Fox River.
  • Built in 1972, the property includes a mix of studio, one-, two- and three-bedroom apartments.
  • 96 underground parking spaces available at the property.
  • $49.6 billion in sales volume closed by Marcus & Millichap in 2024.
  • 7,836 transactions closed by Marcus & Millichap in 2024.

Sources:

  • https://www.marcusmillichap.com/news-events/press/2025/07/07-29-crowsnest
  • Marcus & Millichap, Inc. (NYSE: MMI)
  • https://www.marcusmillichap.com/about-us/

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