HUDSON, Wis., June 19,2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 38-unit multifamily portfolio in Hudson, Wisconsin. The 38-unit portfolio sold for $6.33 million.
“This transaction highlights a pivotal shift in Hudson’s growth trajectory,” said Scott M. Anderson, director investments. “Unlike much of western Wisconsin, where municipalities often expand their city limits through the annexation of seemingly endless farmland, the City of Hudson, once considered an agricultural community, is beginning to resemble the Twin Cities as it experiences more multilevel buildings and higher density. That unique dynamic, combined with sustained rental demand, made this 38-unit portfolio a highly competitive offering on behalf of our clients.”
Anderson, Director Investments and a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Wisconsin-based investment group, and procured the buyer, a Wisconsin-based syndication. Todd Lindblom is the firm’s broker of record in Wisconsin.
“The buyer distinguished themselves not only with a competitive offer but also through consistent communication, transparency and strong rapport with our firm,” Anderson added. “Buyers like this group don’t come along every day. Ease of transaction is important to our clients and that notion matters to us as brokers. We work hard to qualify our buyers before connecting them with our sellers. In this case, the buying entity was a glove fit. Their long-term hold strategy matched the quality of the portfolio and reflected their confidence in Hudson’s market fundamentals. The City of Hudson continues to command the highest rents in western Wisconsin due to its proximity to the Twin Cities and its favorable cost-to-value position compared to the Minnesota side of the border.”
The portfolio includes Thirty-Four (34) 2-bedroom units and Four (4) 1-bedroom units, with assigned garages for 10 residents. Tenants benefit from close proximity to downtown Hudson, local parks and recreation, and direct access to the Twin Cities, less than 30 minutes away. Meanwhile, the Buyer’s benefit from a wider tenant base to choose from as their investment is in a lucrative border town that is outpacing any other community throughout western Wisconsin in terms of growth.
