Northmarq completes sale of luxury townhome community in Columbia, MO

COLUMBIA, Mo. (Jan. 8, 2025) — Northmarq’s Midwest Multifamily Investment Sales team led by Dominic Martinez, Parker Stewart and Charlie McKee brokered the sale of a luxury 42-unit multifamily community located at 1616 Residence Dr. in Columbia, Missouri. Residences at Hawthorne offers luxury three-bedroom townhomes.  Northmarq represented the seller, a local owner.

“High-quality assets, such as this luxury BTR-style community, are still seeing strong demand from investors across the country,” Martinez said. “Despite being only 42 units in a tertiary market, we received strong interest across all buyer profiles ranging from smaller, high-net-worth individuals to larger funds and private equity groups targeting high-quality product in the Midwest.”

The Residences at Old Hawthorne is ideally situated on Old Hawthorne Golf Club, a private golf and social club, and in a premier neighborhood with a median household income over $160,000 within 1 mile. The multifamily property boasts pristine golf course views, condo-quality finishes and large floorplans (2,168 average sq. ft.). Each unit offers a two-car garage, laundry room, open kitchen, granite countertops, stainless steel appliances and more.