An apartment building just off University Boulevard near Hyattsville sold for $39 million more than just eight years ago in part due to its proximity to two Purple Line stations.

Jair Lynch Real Estate Partners bought the Villas at Langley for $87.5 million from Klein Holdings, which had acquired it for $48.2 million in 2012.

Built in 1964, the Villas at Langley is located at 8100 15th Avenue — a half mile from the Riggs Road station to the east and the Takoma-Langley Crossroads Transit Center station at Langley Park Plaza to the west.

The one-, two- and three-bedroom apartments in the 504,000-square-foot building currently rent for $1,164 to $1,888.

But Robin Williams, an executive with the real estate agency that sold the building, said that the apartments could rent for even more if it were upgraded, due to high demand in the area and a limited supply of rentals.

According to Delta Associates real estate research, Hyattsville has recorded long-term annual rent growth — a measure of how much rent increases overall — of 3.7 percent since 2015.

The sale is another sign that the Purple Line is driving growth in the area, even as the private contractors have said they will quit the project over delays and cost overruns, forcing the state to find new work crews.

“The appeal of the property was strong occupancy and stable submarket with future growth opportunity due to proximity to the Purple Line,” Williams told the Commercial Observer. “The seller owned the property since 2012 and it decided to sell due to the strength of the market.”