M
arcus & Millichap has sold a 25-unit multifamily property at 1 Samoset Avenue in Mansfield, Massachusetts for $4,750,000. The sale demonstrates the strong demand for suburban multifamily properties, with six qualified offers received and a closing price $50,000 above the asking price.

    Located in downtown Mansfield, near Mansfield Station, the property combines a prime location with high rental demand from commuters working in Boston or Providence. Tony Pepdjonovic, senior vice president investments at Marcus & Millichap, notes that the asset offers steady rental income and potential for value creation through unit remodels.

    Evan Griffith, also a senior vice president investments, highlights the property's desirable location near shopping, dining, and entertainment venues such as Patriot Place, Gillette Stadium, and the Xfinity Center. The building, known as "The Grain Mill," has a rich history in Mansfield, having been converted into apartments in 1981. It features 24 loft-style one-bedroom units and a two-bedroom penthouse with downtown views, situated just 0.3 miles from the Mansfield MBTA station.