Minneapolis and St. Paul Metro Area Market for Multi-Unit
Long time no post, all. I'm wondering if anyone has noticed the market for multi-units seems to be really hot right now. I recently considered listing my four plex, only to reconsider when I saw a decent amount of duplexes now selling between $150K and $200K per unit, and four plexes fetching at least $440K, and going for as high as $900K (in Uptown, of course). I'm concerned at selling too quick, into what appears to be a high demand wave.
I remember a podcast on BP once about a Portland, OR investor who sold his SFDU for $89K, only to learn some years later, the buyer resold for $950K. He said that was painful. Would like to avoid that same fate. Any thoughts?