In this post, we explore the resources available for finding profitable multi unit properties for sale – including anything from a duplex, to full apartment buildings, office buildings, mixed-use properties, and retail properties.
Multi Unit Properties for Sale
When considering the full lot of multi unit properties, the most common investment type is in residential rental unit properties.
However, other multi unit property types like offices and retail space can also bring large returns and are a great way to diversify your portfolio.
From two-to-three unit multifamily investments to 50+ unit office buildings, in this blog post, we show you the best resources for finding lucrative multi unit investment properties.
Duplexes refer to a building containing two residential flats.
If you’re looking for a small, hassle-free investment to add to your portfolio, duplexes are a perfect place to begin.
There are several online platforms to use to find duplexes for sale.
HotPads is popular residential listings platform—used to find homes, condos, and other residential dwellings in the U.S.
You’ll find duplexes listed under the ‘property type’ search filter on their ‘search for sale’ page.
You can use HotPads to find foreclosed duplex listings if you’re looking for higher ROI on your investment and have the cash flow to invest in potential repairs and restorations.
You can also use HotPads to search for new construction duplexes – likely in great condition and without the headaches of repairs and renovations.
Another plus of HotPads? Narrowing down your results based on features.
You can see properties that A/C, off-street parking, and gated entry, for example—all features that may increase the livability of the property.
As a go-to listings platform for finding commercial real estate, LoopNet is also a great resource for finding multi unit properties for sale in your market.
LoopNet boasts over 500,000 property listings—crowning it one of the most popular commercial listings platforms on the net.
While you cannot search specifically for duplexes, you can search for many other multifamily property types, including low, mid, and high-rise, dorms and more.
You can refine your search for duplexes based on money-making features—such as gardens, off-street parking, or air conditioning. That’s done by using the keyword feature.
You can also refine your search and filter properties based on cap rate, year of build, price, property status (such as whether or not the property is distressed) and lot size.
Triplexes for Sale
Multi-family properties with a higher number of units reduce risk, as you’ll generate income on a property even if one or two units are vacant or are occupied by late-paying tenants.
Three units and up is where you start to venture into a bit more room for flexibility.
Go the foreclosure route and save up to 30%-60% on your investment.
Foreclosures refer to properties in which the owner has failed to make payments on their bank-owned mortgage, and has subsequently had their property repossessed by the bank.
BankForeclosuresSale is one of the most popular listings platforms for purchasing residential and commercial foreclosures—including duplexes and triplexes.
The site lists pre-foreclosures, bank foreclosure homes, and government foreclosures for purchase.
Zillow is one of the best-known residential real estate platforms on the net. As such, it’s an ideal place to go to search for triplexes listed for sale.
Zillow excels in offering several search features, such as: FSBO properties, new constructions, and foreclosures, as well as property feature filters such as square footage and price.
Fourplexes for Sale
With four units to rent out, a fourplex (otherwise known as a quadruplex) can offer promising yields.
Choosing a well-kept fourplex in an attractive area guarantees you a steady stream of income over time.
OpenListings is another great listings platform to look at when searching for multi unit investment property, including a fourplex.
You can search for fourplexes using their filtered search bar, refining your search based on price, lot size, and property characteristics.
In addition, OpenListings is customizable: You can create your own personal feed, and receive notifications as soon as property meeting your search criteria is added to the site.
You can also track properties for updates and opt to receive detailed neighborhood and property reports to help you calculate property value and assess demographic and rental trends in the area.
5+ Unit Multifamily Properties for Sale
Demand and increasing rental rates have been spreading out amongst many secondary U.S. cities, making apartment buildings and other large residential rental properties even more lucrative investments.
5+ unit residential buildings are a great way to build capital in almost any market.
Ten-X provides multi-family apartment buildings and apartment complexes for sale.
The site includes several search features—narrow down your search based on financing, net lease, units, and more.
Ten-X allows you to search, conduct due diligence, and even close online; reportedly closing deals up to 2X faster than average.
You can also save your search for faster findings next time you use the platform.
ApartmentBuildings.com specializing in, you guessed it… apartment buildings.
It’s a great place go to find 5+ unit residential properties.
The site allows you to choose from:
- Zip code
- Building size
- Lot size
- Building condition (distressed or new build – for example)
By becoming a member, you can also search for vendors, management companies, and lenders for your apartment investment.
Beyond multi-family properties, you should also consider mixed use, office, and retail multi-unit properties for sale.
While office and retail properties are slightly riskier than multi-family properties when filling units, this risk can be offset with the right level of due diligence.
Multi Unit Mixed Use Properties for Sale
A mixed-use building blends two or more uses into one building, including any combination of: retail, entertainment, office space, residential, hospitality, parking, or transportation.
Mixed use buildings are appealing to users as they offer ‘all in one features,’ such as a living space and workspace.
This multi-faceted appeal can help reduce the risk of investing, stacking the odds in your favor when it comes to guaranteeing steady, reliable income.
CREXi is a commercial real estate listings platform covering each of the main asset classes, including mixed-use buildings.
You can search for mixed-use properties for sale using CREXI’s many search features, including size, price, and lease type. You can also search for properties based on class type (A-D).
CityFeet, the sister site of LoopNet, features commercial property in New York City—though, with a secondary focus on property nationwide.
If you’re looking for mixed-use property in New York, CityFeet is your best bet, allowing you to search based on function, size, price, location, and tenancy.
Multi Unit Office Buildings for Sale
The U.S. office building market is also one that’s continued to grow and flourish in more and more markets nationwide (as tech and other companies expand beyond major cities).
Multi-unit office buildings come with long-term leases, requiring less management and significant cash-flow if you purchase in the right area.
42Floors boasts millions of active listings in the U.S. office market.
They also provide several search features, allowing you to find the ideal multi-unit office investment based on size, price, uses, and geographical market.
Sign-up for email notifications to receive the latest 42floors property listings straight to your inbox.
Catylist offers thousands of office buildings for sale or lease nationwide.
Developed over 16 years, Catalyst have built up a “customized, local database’” with detailed information on both individual office properties and the wider market – to help you more easily conduct due diligence.
As well as providing basic search features, such as size, location, and price, you can also search office properties based on sub-categories.
Additionally, Catylist has a national platform called Commercial Exchange, which also covers office buildings and other multi unit property types, only on a wider basis.
Commercial Exchange allows you to search for many sub-categories of properties, including data and call centers, medical buildings, mixed use, and more.
Multi Unit Retail Properties for Sale
With the Uberization of services and e-commerce—where consumers can demand their retail and entertainment whims be fulfilled instantaneously—are retail properties still a smart investment?
They certainly can be, and here’s why: retail still offers standard yields of 5%-6%. Tenants also typically pay rent, taxes, and maintenance, reducing your monthly costs.
Retail also encompasses post offices, movie theatres, and community centers; all of which continue to draw in local residents.
In addition, multi-unit retail space also comes with lower vacancy risks, as you attract more business to the property.
Brevitas can be used to search private and on-market retail properties for sale.
You can use the search features to search from retail properties tied to a certain price range, cap rate, or lease type.
You can also search based on size, number of units, and related keywords. You can also breakdown available retail properties based on subtype, such as car dealership or grocery store.
Commercial Café can be used to search from thousands of promising retail properties across the U.S.
Start your search by entering in your desired location.
You can then step-up your multi unit retail property hunt by tweaking the lease rate, sale price, listing type, available space (sqft), and building area (sqft) filters.
Commercial Café also provides detailed demographic information on local inhabitants, such as the median population age, gender split, and financial income – ideal for gaining insights into your potential customer base.
Scoring a Profitable Multi-Unit Property
There are several benefits to investing in multi-unit property: higher returns, less risk, and less demands on your time are all big benefits of adding a multi-unit property to your portfolio.
While multi-family properties have always been a prized asset class in the eyes of investors, smart investors also expand their reach and add other multi-unit properties into the mix.
Bookmarking several different listings platforms enables you to keep an eye out for the best multi-unit properties as soon as they hit the market.