Parkway Apartments

Newmark Zimmer’s Investment Sales and Capital Markets team finalized the sale of Parkway Apartments, an 86-unit multifamily complex at 217 W Broadway in Columbia, Missouri. Built in 1980, this three-story apartment building provides residents with a prime location in one of America’s most celebrated college towns.

Columbia centers around the University of Missouri, which acts as a cultural hub for the city. Residents frequently enjoy sporting events, concerts, gallery exhibitions, and more. Meanwhile, Downtown Columbia buzzes with coffee shops, restaurants, nightclubs, and performance venues that cater to both students and locals.

In addition to its collegiate vibe, Columbia boasts a robust healthcare sector, with the University of Missouri Health Care system serving as a major employer. The city’s balanced lifestyle and affordable living attract a diverse community. Parkway Apartments also benefits from a convenient location, with Columbia Regional Airport just 13.7 miles away, making travel easy for residents. With a walkability score of 73 out of 100, the property is well-situated for those who prefer to explore the city on foot, giving residents easy access to Columbia’s numerous amenities and attractions. Overall, the sale of Parkway Apartments highlights Columbia’s enduring appeal as a thriving, multifaceted community that seamlessly blends the academic, cultural, and professional aspects of life.