When searching online for multi family homes for sale, there are quite a few decisions that need to be made before any search even begins. Given the broad nature of the multi family asset type – covering everything from duplexes , to apartment buildings, to dorms, mobile home parks, […]
When searching online for multi family homes for sale, there are quite a few decisions that need to be made before any search even begins. Given the broad nature of the multi family asset type – covering everything from duplexes, to apartment buildings, to dorms, mobile home parks, and more, you can use a number of either commercial or residential listings platforms to work your way through and analyze your desired market.
Choosing the right search platform(s) comes down to knowing exactly what kind of multi family property you’re looking for – from a physical, financial, and market-related standpoint. Based on the type of investment you’re looking for, and based on the market in which you’re searching in, your multi family property search can happen in many different ways. To make sure your time is used efficiently, it’s important to be aware of what you can find on different search platforms.
The first thing to consider is the ability to utilize an off-market search to find properties, that, albeit are not technically “for sale,” can still be purchased at the right price. At the very least, you should incorporate off-market research to inform the buying decisions you make, even if those purchases happen on the market.
Off-market searches give you a more in-depth understanding of any market, and any property. The only limits on your search will be the filters that you add to hone in on specific properties. On top of that, buying properties off-market lets you avoid broker fees and the competition of other on-market buyers.
Multi Family Homes for Sale Listings
To search on-market for multi family homes for sale, you can simply use one of many online on-market listings platforms. We’re going to dive into the best of those available platforms, starting with those that are for commercial listings, then working through residential platforms, and a few examples of local/regional listings platforms.
Commercial Listings Platforms
Use the following national platforms when searching commercial listings to find multi family properties:
LoopNet Multi Family Homes
LoopNet is always going to be one of the first places online users end up when searching for virtually any commercial property for sale, as it has perhaps the widest on-market coverage of U.S. commercial real estate.
LoopNet has more than 500,000 total property listings, many of which are multi family properties.
When searching for multi family properties on LoopNet, you can add further filters to make your search more specific, 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 much more.
CREXi Multi Family Homes
CREXi is another all-encompassing commercial real estate listings platform that includes multiple searchable property types, one of which is multi family.
You can begin your search by choosing a property type and a location. From there, however, there are a great deal 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 Homes
Despite being owned by LoopNet, CityFeet still has a large amount of multi family home listings of their own, with a majority of their focus being on New York.
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. Multi family home listings are only available to search when looking for properties for sale.
Showcase Multi Family Homes
Showcase is a commercial listings service with two individual search platforms – one for the U.S. and one for the U.K.
Showcase is owned by CoStar Group, and gives users access to on-market listings of retail, industrial, office, land, and, of course, multi family properties for sale.
CIMLS Multi Family Homes
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, like specific 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 Homes
Catylist is another listings platform for a variety of different types of commercial properties, including retail, office, industrial, vacant land, multi family, and more.
Catylist currently has listings in more than 40 markets across the entire U.S., and lets users filter by a number of filters, even within the multi family property type itself, including duplex/fourplex, government subsidized, high/mid/low-rise, mobile home park, senior living, and more.
Brevitas Multi Family Homes
You can start your Brevitas search by selecting a property type and location, and dive further into the market from there. What sets Brevitas apart from many other platforms however, is the fact that they offer listings for both on-market and “private” listings, which is not something that is always available on commercial listings platforms.
Residential Listings Platforms
These are the best platforms to use when searching through residential listings to find multi family properties for sale in nearly any national market:
Zillow Multi Family Homes
In a lot of ways, Zillow is to residential listings, what LoopNet is to commercial listings. It has perhaps the widest spanning coverage of on-market properties in the country, many of which are multi family properties.
Trulia Multi Family Homes
Trulia is another residential platform that is primarily known, on top of its property listings, for its user friendly, intuitive interface.
The platform is used by property buyers, as well property sellers and renters. There are many different types of multi family properties on Trulia, including many apartment buildings for sale, as well as duplexes, triplexes, and other types of multi family homes.
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 users to feel more casual when running a property search.
On the home search page. Instead of price, they use, “I’m willing to spend,” 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 property types, including both commercial and residential. While most of their listings are for single-family homes, they do also have a fair amount of multi family home listings – for example, over 5,000 in New York alone.
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.
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, letting users 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 applicable to their property search.
Point2Homes Multi Family Homes
Point2Homes offers multifamily listings across the U.S. and in various other markets around the world, such as Canada, Mexico, Panama, the Bahamas, Philippines, and much more.
After first 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.
Examples of Local/Regional Listings Platforms
The following platforms are examples of more localized listings – the type of platforms that you might find when searching something like, “multi family homes for sale near me.”
The above listings platforms will likely do the trick even when searching locally, but these are also worth utilizing, especially when looking for residential properties for sale. Since the sum of all regional and local listings platforms is extremely large, below, are just a few examples of the variety available to property buyers searching locally.
Examples include local FSBO (for sale by owner) properties, a local media publication, local brokerage listings, and a regional commercial platform:
Craigslist (FSBO) Multi Family Homes
All listings types on Craigslist are broken down to their individual markets, thus making the site great for very local property searches. 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, as well as other commercial and residential property types.
NJ.com Multi Family Listings
NJ.com is a great site to utilize 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 Multi Family Homes
Pelletier Group is a New Hampshire-based realty group, serving listings for commercial and residential sales and rentals. This is 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 search specifically for 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-based listings platform, primarily serving areas of Oregon and Washington. This site is an example of a regional site who’s focus goes beyond just a single state.
Evident by the site’s name, listings are only for commercial properties for sale, but users can search many different asset types including retail, office, industrial, land, multi family, mixed-use, farm, and mobile home parks. The site currently has over 3,000 listings for multi family homes for sale within their regional coverage.
Make Your Property More Versatile
Regardless of the platform you end up choosing, it’s most important to try different types of listings tools, from commercial, to residential and local – even combining them to use to your advantage.
Bolstering your searches with off-market data is also very important. It will make your searches more versatile and in-depth, while helping you strengthen your overall knowledge of commercial real estate across a variety of markets.