At a national level, the multifamily asset class typically offers the most steady ROI for property investors.
The class has a ton to offer investors, and therefore, a ton to offer brokers, service providers, lenders, insurance providers, appraisers…
I think you get the point.
Below, we’ll discuss the opportunity you have to identify multifamily homes likely to sell off-market, then run through the best commercial and residential listings sites for finding multi family homes for sale.
How to Find Multi Family Homes for Sale
While listings are the traditional means of finding property for sale, more and more deals continue to be sourced off-market by brokers and investors.
Discover Multi Family Sellers Off-Market
Searching for sellers off-market removes the limits to your search because you’re not just looking at what’s actively for sale. Brokers can identify winnable listings before the competition.
Closing deals off-market allows you to save immensely on your investment by avoiding broker fees and competition-driven price hikes.
Identifying Multi Family Sellers on Reonomy
Reonomy allows you to quickly drill into the multi family homes in any U.S. neighborhood based on:
- Multi family home/building type
- Building and lot size
- Number of units
- Sales dates and amounts
- Loan timelines and amounts
Notably, you can discover properties that haven’t sold in 5, 7, 10, or more years—or any year-range of your choice—and quickly get in touch with the property’s decision-makers.
You could, for example, quickly see a list of multi family homes:
- In the Phoenix-Mesa-Scottsdale, AZ MSA
- With 20-30 units
- That last sold for less than $1 million
- In an Opportunity Zone
That can all happen with just a few clicks.
Within your results, you’ll be able to see the reported owner of a property, where you can then drill in further to see LLC members, decision-makers, and their respective contact details.
Multi Family Properties for Sale: Commercial Listings
To search the active market for multi family homes for sale, you can use one of many online on-market listings platforms.
First up: commercial listings.
LoopNet Multi Family Properties
LoopNet is always going to be one of the first places online users end up when searching for any kind of commercial property for sale, as it has the widest on-market coverage of U.S. commercial real estate.
According to their site, they have 500,000 listings available—many of which are multi family properties.
When searching for multi family properties on LoopNet, you can add further filters to identify more specific property types, including filters for Garden, Low/Mid/High-Rise, Dormitory, and Manufactured Housing/Mobile Home.
In your multi family search on LoopNet, you’ll find many apartment buildings and complexes for sale, as well as duplexes, triplexes, and more.
CREXi Multi Family Properties
CREXi is another all-encompassing commercial real estate listings platform that includes many searchable multi family homes.
You can begin your search by choosing a property type and location.
From there, however, there are plenty of filters you can add to make your search much more specific, including property size, price, individual unit measurements, lease type, and more.
You can also add custom keywords to narrow down your search.
CityFeet Multi Family Properties
Despite being owned by LoopNet, CityFeet still has a large sum of multi family listings of their own, with a majority of the site’s focus being on the New York market.
You can begin your CityFeet search by choosing whether you’d like to see commercial properties for sale or for lease, and then select a property type and location.
CIMLS Multi Family Properties
When searching properties on CIMLS, you must first enter a location for which you’d like to search.
Once you’ve done that, you’ll be brought to a more elaborate search page, where you can add more filters, such as location filters, property type filters, and price.
CIMLS offers roughly two dozen property types to search through, one of which is multi family properties.
Catylist Multi Family Properties
Catylist is another listings platform that includes a variety of different types of commercial properties, including retail, office, industrial, vacant land, multi family, and more.
The site currently has listings in more than 40 markets across the U.S., and lets users identify properties with a number of filters—even sub-categories of the multi family property type.
That includes duplex/fourplex, government subsidized, high/mid/low-rise, mobile home park, senior living, and more.
Brevitas Multi Family Properties
Like most of the other sites on this list, you can start your Brevitas search by selecting a property type and location, and use that as a basis to dive further into the market.
What sets Brevitas apart from many other listings sites, however, is that they offer access to exclusive listings for $29 per month.
Multi Family Homes for Sale: Residential Listings
Additionally, there are a number of residential real state platforms that let you discover multi family investment opportunities.
Zillow Multi Family Homes
Zillow has perhaps the widest spanning coverage of on-market properties in the country, many of which fall under the multi family designation.
If you are looking to find a duplex for sale or any other smaller-scale multi family home, Zillow will undoubtedly provide you with a large volume of options.
Trulia Multi Family Homes
Trulia is another residential platform, like Zillow, that is known widely as having a simple yet intuitive user interface.
The platform is used by property buyers, as well as property sellers and renters.
Filters for “Home Types” on Zillow include:
- Multi Family
Owners.com Multi Family Homes
Owners.com takes a bit of a different route when it comes to the way users search for properties on their platform.
They use different language and search filters to allow for a more casual feel when running a property search.
On the home search page, instead of a price range filter, they use, “I’m willing to spend,” as the selection where you can apply your price limit.
They also let you search for a home based on its features, such as having a pool, a fenced-in yard, or whether it’s on a main street or a waterfront.
Oodle Multi Family Homes
Oodle is more of an overall listings marketplace, including cars, job listings, and merchandise. It also has a fair amount of real estate and home for sale listings.
On their real estate listings page, you can search for many different commercial and residential property types.
While most of their listings are for single-family homes, they do also have multi family home listings.
Asset Column Multi Family Homes
Asset Column is a listings platform that has a focus on informing property buyers and sellers beyond letting them know what multi family homes are for sale on the market.
They have resources specifically for home buyers for wholesaling and flipping homes for profit, and for sellers looking to get the right price for their properties.
Homes.com Multi Family Homes
Homes.com is another site that lets users search for properties using more casual language, similar to that of Owners.com.
When adding your property type filters on Homes.com, you have to instead choose a “Home Type,” as the site’s listings are only for homes for sale.
Among the options, of course, is “multi family.”
Realtor.com Multi Family Homes
Realtor.com is a listings platform for home owners, renters, and sellers.
Despite having a heavier focus on the New York market, Realtor.com has nationwide listings across many asset types.
Users can search for multi family homes for sale, as well as other house types, farms, and land for sale.
They also offer mortgage information for users to see current available mortgage rates related to their listings search.
Point2Homes Multi Family Homes
Point2Homes offers multi family listings across the U.S. and in various other markets around the world such as Canada, Mexico, Panama, the Bahamas, Philippines, and more.
After entering your location, you’ll be brought to a more extensive search page where you can filter by multi family, or a number of other property types and measurements.
Multi Family Homes for Sale Near Me: Local/Regional Listings
The following examples are more localized platforms—the type of platforms that you might find when searching, “multi family homes for sale near me.”
Many of the platforms above will have options in your market of choice, but local listings can add depth to your search, or connect you with more localized brokers and owners.
Since the sum of all local examples is exorbitant, below, we look at just a few examples of the variety available to those seeking local deals.
Craigslist Multi Family Homes for Sale by Owner
All listings types on Craigslist are broken down to their individual markets, thus making the site great for very local investment discovery.
Not to mention the fact that they have a ton of markets to search through.
Within these markets, users can search for specific sub-types of multi family homes for sale, but not for multi family homes as a whole.
Under “Housing Type,” users can add filters for apartment buildings, duplexes, townhouses, and a few other commercial and residential property types.
NJ.com Multi Family Listings
NJ.com is a site that can be utilized when searching for multi family homes for sale in NJ.
This is a specific example of the type of local listing platforms available for property buyers in different locations around the country.
NJ.com’s real estate page offers news, listings, and other resources to visitors.
You can search properties within Homes, Commercial, New Construction, and Foreclosures.
Within the homes for sale page, you can search for multi family, apartments, mobile homes, and duplexes for sale.
Pelletier Group is a New Hampshire-based realty group, serving listings for commercial and residential sales and rentals—another great example of what is available within local markets for both buyers and sellers to search and list properties for sale.
On Pelletier’s site, you can add filters to identify condos, land, mobile homes, and multi family properties for sale in NH, or more generally for commercial, residential, or rentals.
Commercial MLS Multi Family Homes
Commercial MLS is a Northwest-focused listings platform, primarily serving areas of Oregon and Washington.
This site is an example of a regional site—whose focus goes beyond just a single state.
Bolstering Your Multi Family Portfolio
Regardless of the platform(s) you end up using, it’s most important to try a variety of tools—even combining them to use to your advantage and get a more complete picture of the market.
Additionally, bolstering your search with off-market information is certainly something to consider.
Your deal discovery process can become much more versatile and in-depth, and you’ll be able to strengthen your overall knowledge of commercial real estate in the markets that matter most to you.