Successful Sale of Multifamily Property in Medford for $3.5 Million

January 13, 2025 - 20:52

BOSTON– A notable transaction in the real estate market has taken place with the sale of a 12-unit multifamily property located at 218-220 Middlesex Avenue in Medford, Massachusetts. The property was sold for an impressive $3.5 million, highlighting the continued demand for multifamily housing in the region.

Evan Griffith and Tony Pepdjonovic, both senior vice presidents, played key roles in brokering this deal, showcasing their expertise and commitment to the real estate sector. The sale reflects a growing trend in the Boston area, where multifamily properties are increasingly sought after by investors looking to capitalize on the robust rental market.

This transaction not only underscores the strength of the Medford real estate market but also signals confidence among investors in the multifamily sector. As urban areas continue to evolve, properties like 218-220 Middlesex Avenue are becoming pivotal in meeting housing demands and providing opportunities for growth in the region.