Explore duplexes, triplexes, four-unit buildings, and other multi-family opportunities for owner occupancy, rental income, long-term holding, or value-add investment.
Browse active, Coming Soon, and under-contract multi-family properties. Use the map and filters to compare location, price, unit count, condition, and available inventory.
The number of units affects rent diversification, management, operating expenses, financing, maintenance, and resale strategy.
A duplex can provide a straightforward introduction to multi-family ownership. It may work well for an owner occupant who wants one rental unit or an investor seeking a smaller income property.
Three units can provide greater rent diversification. The additional unit may improve income potential while also adding more leases, systems, tenants, and maintenance responsibilities.
A four-unit building can offer multiple income streams while remaining a relatively small residential investment. Financing, appraisal, occupancy, and reserve requirements depend on the buyer and lender.
The property may be the same, but financing, reserves, occupancy, management, and cash-flow expectations can differ substantially.
This approach can reduce personal housing expenses while helping a buyer gain experience managing tenants and maintaining an income-producing property.
A non-owner-occupied purchase should be evaluated as a business, using verified rent, operating costs, financing, reserves, capital improvements, and an exit strategy.
A multi-family property should be evaluated after vacancy, operating expenses, reserves, financing, and likely capital costs.
Total rent expected from every unit at full occupancy.
Allow for turnover, delinquency, concessions, and nonpayment.
Subtract taxes, insurance, utilities, repairs, and management.
Income remaining before mortgage principal and interest.
Income remaining after operating costs and debt service.
A property advertised as multi-family should not be assumed to have a legal unit count, reliable income, accurate expenses, or transferable rental approvals.
Verify zoning, permits, certificates, variances, municipal records, occupancy limits, and legal use.
Review leases, deposits, payment history, concessions, arrears, renewals, notices, and tenant rights.
Determine which utilities are separately metered and which costs remain the owner's responsibility.
Inspect structure, roof, electrical, plumbing, HVAC, moisture, common areas, fire safety, and deferred maintenance.
Compare the rent roll with leases, bank records, tax returns, utility bills, repair history, and market rent.
Confirm rental licensing, inspections, resale requirements, certificates, violations, and local registration rules.
Send the address and I can help review comparable sales, estimated rent, legal use, unit count, zoning, tenant information, property condition, and the terms that may affect the opportunity.
Important questions for buyers considering a small income-producing property in Greater Philadelphia.
Multi-family properties contain more than one residential unit. Common examples include duplexes, triplexes, four-unit properties, apartment buildings, and some mixed-use buildings with residential units.
Potentially. The property must support the intended legal use, and the buyer must meet the lender's occupancy, financing, appraisal, insurance, and qualification requirements.
Review zoning, permits, municipal records, certificates, rental licenses, inspection history, variances, utility arrangements, and other documentation. The MLS description alone is not proof of legal use.
Existing leases and tenant rights generally require careful review. Buyers should examine lease terms, deposits, notices, occupancy, payment history, and any local or state requirements with the appropriate professionals.
Begin with verified existing rent, then review market rent, vacancy, delinquencies, concessions, utility responsibility, expenses, maintenance, management, reserves, and financing.
Yes. Send the address, asking price, current rent, lease information, property condition, and your intended strategy. The review can include comparable sales, estimated market rent, legal use, and potential risks.