Small multifamily investing covers properties with two to four units, duplexes, triplexes, and fourplexes, that collect multiple rents from a single building.
Log in to followWorking through a fourplex listed at $640k. Four two-bedroom units, all leased at $1,150, so $4,600 gross. My plan was to occupy one unit with a low down payment government-backed…
I have been saving toward a first purchase for two years and I now have two buildings I can actually see myself owning, in the same town, about a mile apart. The duplex is 315k. B…
Fourplex under review, mid seventies build, 585k ask, four two-beds at 1,150. My reserve line is the only number in the model I can't defend to myself. The percent-of-gross approa…
I've got about $600k to place and I'm stuck between two shapes. Three fourplexes at roughly $550k each, 25% down, investor residential terms. Or one twelve-unit at around $1.6m on…
I've been looking at a fourplex and a five unit on the same street, similar age, similar rents. My agent said the fourplex is a residential loan and the five unit is "a whole diff…
Three units, two 2-bedrooms and a 1-bedroom in the back. The 2-beds are rented at 1,250 and 1,225, both tenants over a year, both pay on the first. The 1-bed has been empty since…
I've got a duplex with a full-height unfinished basement, roughly 900 square feet, separate exterior entrance already there. Framing a third unit down there is straightforward wor…
I've been the person in this room asking questions for a long time, so here's how the first one actually went. Side-by-side duplex, two bed one bath each, built 1988, vinyl siding…
Two ways to buy the same three or four unit building and I've watched people argue this without either side moving. More down: smaller payment, more monthly cushion, and the build…
Real comparison off my list this month. A fourplex in a small town, 4,000 people, one large employer, 185k asking, four units renting 575 to 650. Gross around 29k. And a duplex in…
First property. Side by side duplex, 289,000, closing in three weeks. Unit A is vacant and freshly painted, unit B has a tenant who's been there nine years. Here's what I know abo…
The pitch I keep running into is that multiple units means one vacancy doesn't wipe out your income, and that sounds obviously true. But three houses on three streets seems more s…
I've been slowly building a number for a duplex around $300k and my whole worksheet is basically down payment plus a few thousand for closing. A lender I talked to mentioned reser…
We manage 61 doors across a mix, and the small multifamily side is where my margin goes to die. Ten percent of collected rent on a triplex at 1,200 average is 360 a month for a bu…
This closed a bit over two years ago and I sold it in the fall, so I can write it down without flinching now. Building was a 1920s two-story in an older streetcar neighborhood, ma…
Fourplex, asking $720k. Seller's broker hands me a package showing $52k NOI and calls it a 7.2 cap, then points at 5-plus sales in the same submarket trading at 6.5 to justify the…
Nothing under contract yet, still reading. The plan is a triplex where I live in one unit and rent the other two, because that's the version of this that gets me residential finan…
I'm looking at a duplex listed at $340k, and the listing sheet says 6.8% cap. The lender I talked to went through my income, my credit, the down payment, and the appraisal, and ca…
Triplex, 470k, bought as a long hold with a manager on it so I could stay out of the day to day. Gross rents 3,975 a month. My model showed about 640 a month of cash flow after ev…
Something that doesn't come up when people compare a fourplex to four houses: in a fourplex the tenants share space, and they compare notes. Parking spot two is closer to the door…