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Marcus & Millichap sells apartment portfolio for $3.5M

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Marcus & Millichap Real Estate Investment Services’ Philadelphia office on Wednesday announced the sale of Chapel Manor and Parke Terrace, a 60-unit portfolio in Aberdeen, Md., for $3.5 million.

Chapel Manor, 12 units, is located at 320 S. Parke St., and Parke Terrace, 48 units, sits across the street at 309 S. Parke St. The sales price of $58,750 per unit was 97 percent of list price, according to an announcement.

Write to the Editorial Department at editorial@njbiz.com

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