3 Warren Street Realty Trust has sold a 15-unit multifamily property in Stoneham, Massachusetts, for $2.3 million. The property was acquired by a Massachusetts-based limited liability company. The name of the buyer was not disclosed.
Located at 3 Warren St on a 0.21-acre site, the 7,084 square foot, three-story apartment property comprises seven studio units and eight one-bedroom/one-bath units.
The listing and marketing of the property were handled by Evan Griffith, Tony Pepdjonovic, and Will Sanborn of Marcus & Millichap’s Griffith Pepdjonovic Group on behalf of the seller. “The property was delivered 50% vacant, and the buyer plans to implement an extensive renovation program to offer a higher-end rental product,” said Pepdjonovic
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