The Reonomy platform allows you to identify multi family homes likely to sell off-market and connect with the owners instantly.
Rising population, rising wages, and low rates of property ownership in Florida have led to continued growth in the state’s multi family market in recent years.
What that means, of course—a healthy environment for investment.
In this post, we look at the key sites to scour to find your next multi family cash cow in Florida.
Find Multi Family Homes for Sale in Florida
What are the best options for helping you find a promising multi family investment in Florida?
You might turn to commercial and residential property listings. Perhaps you’ll decide to work more closely with an agent.
There’s also the option of using property intelligence to identify and purchase properties off-market.
We’ll cover each of those and more below:
Commercial and Residential Real Estate Listings
Perhaps the most obvious option to delve into, commercial and residential listings platforms are often the first option for those looking to purchase a multi family asset.
Zillow is one of the leading residential real estate platforms available—making it the ideal place to go for multi family homes for sale in Florida.
The site is known for its wide breadth of listings, as well as its extensive search features.
When searching for a multi family property, you can find your ideal match by filtering based on:
- Year built
- Number of units
- Number of days on Zillow
- Max HOA
In addition, you can also limit your search to certain listing types, including: properties listed for sale by agent or by owner, new builds, foreclosures, and pre-foreclosures.
LoopNet is one of the most popular listings platforms available for sourcing commercial real estate investments.
The platform is currently home to over 500,000 property listings, from office spaces to industrial warehouses.
LoopNet is also home to several multi family investments. LoopNet currently lists thousands of multi family properties in Florida.
Commercial Exchange offers commercial investments across all asset classes. They allow you to search from a number of properties within the multi family market.
For example, you can refine your search to only show duplexes, high-rises, or senior living facilities.
In addition, you can also search for available multi family homes for sale in Florida using either the customizable map feature or the classic grid—which lists available properties and provides an image alongside snap-shot information on property characteristics.
CREXi is another popular commercial real estate listings platform, which can be used to find a number of promising multi family properties in Florida.
You can also use CREXi’s extensive search features to search for your next multi family investment based on price, lease type, property characteristics, cap rate, size, and more.
CREXi’s map feature can also be used to quickly locate multi family property in a target location.
Trulia is one of the internet’s best-known residential real estate listings platforms.
The site offers a wealth of multi family properties to choose from—anything from new buildings to foreclosures.
The site is popular for its great search features, including an interactive map, extensive search filters, and detailed property listings.
Another great feature of Trulia:
It includes key demographic data, such as information on commute times, schools, and neighborhood crime—which you can use to help determine the value of your next investment.
Realtor.com is a great residential real estate listings platform that can be used to source multi family investments for your portfolio.
Realtor.com offers a number of targeted search filters, including:
- Property size
- Number of units
- Property characteristics
- Age of build
- Surrounding community amenities
- Outside features
Point2Homes is another excellent resource for finding multi family homes for purchase in Florida.
The listings platform offers several search features, including:
- Number of units
Homes.com offers hundreds of multi family homes for sale on their residential listings platform.
The site is a popular listings platforms thanks to their myriad search features.
The features include:
- Number of bedrooms
- Number of bathrooms
- House type
- Listing type (resale, new build, or foreclosures)
- Square feet
- Lot size
- Year of build
The site lets you enter keywords to search by, and also lets you save your search for when you next use the database.
For Sale by Owner Listings
For Sale by Owner Listings (FSBO) are a great way to save money on added broker fees, as you can go directly to the source to view and purchase multi family investments (much like the case of purchasing off-market).
But where are the best places to look for FSBO multi family property listings in Florida? See below.
BuyOwner.com is an easy-to-navigate directory that lists for sale by owner (FSBO) properties across the U.S.
The site promotes a stress-free search, just select ‘Florida’ from the alphabetized list of American states to find multi family properties listed for sale.
Property listings include detailed information, with images, as well as information on property price, size, and characteristics.
With over 20 years of experience in the residential FSBO market, FSBO.com is one of the leading resources for finding properties listed by home owners.
FSBO.com allows you to search from available multi family listings through the advanced search feature. You can also filter properties based on price.
Moreover, FSBO.com has a foreclosures search feature for those on the hunt for a bargain.
You can also use their satellite map feature to zero in on specific locations within Florida.
Using Property Intelligence Searching and Why it’s Useful
Instead of searching through on-market listings or FSBO listings, you can also go directly to properties and owners off the market.
The Reonomy platform (example shown below), allows you to scour any market nationwide for the precise property you’re looking for—the property that fits your scope perfectly.
With access to property intelligence, you can quickly understand assets and owners to know if they’re willing to sell, and if so, under what terms.
Not only that, but you can avoid the competition of listings, then go straight to owners through access to contact information.
Below, we run through a specific example of how to use Reonomy to find a multi family asset in Florida.
Florida Multi Family Brokerages
Another way to speed up your search and expand your knowledge of the market is to work with a broker.
SVN Florida Multi Family
SVN Florida Multifamily is comprised of a select team of experts in the multi family space in Florida. SVN Florida Multifamily work in every area of the state.
The team claim to possess an, “Encyclopedic knowledge and understanding of our respective markets throughout the state.”
Examples of How to Search Different Platforms
Below, we explore four of our top platforms for finding multi family homes for sale in Florida, and show you how to use them to find the best multi family investments on the market.
Jacksonville Multi Family Search with LoopNet
Looking for multi family homes for sale in Jacksonville?
To search for your next multi family investment, enter ‘Jacksonville’ into the location search bar on LoopNet’s homepage.
Next, scroll down the asset class drop-down menu to the left of the search bar and select “multi family.” This will bring up the multi family homes listed with the platform in the Jacksonville area.
To search from multi family homes for sale in Jacksonville in a specific area, go to the filters tab at the top of the search page and add in additional information to the ‘Zip Code’ or ‘Street Address or Intersection’ sections.
Tampa Duplex/Triplex Search with Zillow
To begin your search on Zillow for multi family homes for sale in Tampa, Florida, enter “Tampa, FL” in the search bar situated at the top of the homepage.
Curious about properties within a certain price range?
Edit your results by selecting a figure from the ‘Any Price’ tab, situated at the top of the page.
You can also search based on a number of other requirements, including lot size, year built, and number of baths and bedrooms, by clicking on the ‘More’ tab.
Pinellas County Search with Point2Homes
To find multi family homes for sale in Pinellas County FL on Point2Homes, type “Pinellas County, FL” into the search bar on Point2Homes’ homepage.
You can browse these in list mode or map mode. List mode simply lists each listing, which you can click-through to pull-up more data.
Alternatively, the map feature offers a neat birds-eye view of each available property.
Point2Homes also list the price of each home.
You can click on each property icon to see more information on each property, as well as images and available video content.
Reonomy Multi Family Search in Orlando, Florida
Now, let’s run through an example of an off-market search for Orlando multi family properties using Reonomy property intelligence.
Like any other platform, you can start by adding your location.
You can search the MSA of Orlando, the city if Orlando, or search specific zip codes, counties, or street names. Here, we search by city:
From there, you can add your multi family asset type filter:
Then, you can move to the Building & Lot tab to add building metrics like unit count, building size, and year built, as well as whether or not an asset is within an Opportunity Zone.
Since Reonomy is not a listings platform, you also need to add filters to identify multi family homes that are likely to sell.
That can be done in the Sales tab, by searching for properties that have not been sold in a long time period.
So, for example, above you can see that there are almost 100 multi family homes in Orlando, Florida with at least 10 units, that have not been sold in the last 10 years.
Those can all be worth reaching out to depending on your preferred situation.
In the same platform, you can access property owner contact information on the properties of highest to you, reach out directly, and start winning new business or striking new deals today.
Finding a High-Income Multi Family Homes for Sale in Florida
Finding great multi family homes for sale in Florida depends on the reach of the platforms you use.
These above resources are your best bets for finding lucrative deals in a competitive market.