What is the Zillow of Multi-Family homes?

Question

What is the Zillow of Multi-Family homes?
I'm interested in buying a 2-4 unit Multi-Family home in Atlanta, Georgia (and other parts of the country). Which websites show the most Multi-Family homes for sale?
I find Zillow and Redfin show pretty much all single family homes that are publicly listed for sale. Are there similar websites that show pretty much all Multi-Family homes that are publicly listed for sale?

Taylor L. · Answer

Not really. Investment quality deals rarely hit the MLS, and when such deals do in major markets, they get picked up pretty quickly. @Russell Brazil has been on the warpath recently re: mis-listed deals in his area, perhaps you can look for properties in your area that are not correctly listed?

Crexi and Loopnet are targeted at more commercial & investor deals, but for the most part they're pretty picked over.

Michael Dumler · Answer

@Matt A., as others have reiterated, 2-4 units are technically classified as residential, therefore, such properties are marketed on the MLS. The MLS sources listings out to real estate platforms like Zillow, Redfin, Trulia, etc. As noted above, there are filter features on Zillow and Redfin that allow you to only see 2-4 unit properties. I recommend you mess around with the settings so you only receive property notifications based on your purchasing criteria. If you have any additional real estate-related or ATL market-specific questions feel free to reach me via cell, text, email, etc. (contact info listed in my bio). Hope this helps!

Darrion P. · Answer

Matt,

If you're looking for a website that zooms in on MF there are several. 2-4 units you can find on realtor.com, and other mls based sites. When you're looking for 5+ units; as others have mentioned, Loopnet, CBRE, Crexi, Marcus and Millichap, CoStar, etc. are the goto sites. If you're just getting started and looking for larger deals, start with Loopnet; 1) it will give you plenty of practice; u/w practice, broker contact practice, deal analysis practice, etc. All of which you'll certainly need. I also recommend LoopNet for sample deal packages. You'll find a few deals (or no deal) that you can present to investors as scenarios.

If you're looking for 2-4 units use realtor.com. It's more accurate info than zillow, and fyi it's basically all the same data us real estate agents (Realtors) use.

Hope that helps,

Darrion

VantageReal.Estate

Russell Brazil · Answer

2-4 units would be residential, and just in the MLS.

5+ units would be commercial. The commercial MLS is called Costar. (the largest one at least) and costs a few thousand a month to access typically.

E. C. "Stony" Stonebraker · Answer

2-4 unit multifamily is still residential so the MLS should have them listed which real estate agents can access.  There is no equivalent to Zillow for commercial multifamily.  There are some subscription sites which are usually fairly expensive, especially for someone looking for a low cost equivalent.  CoStar, Crexi, RockVal, Moody's, REIS, etc. are some of those.  Maybe someone who deals in residential multifamily knows better than I do.  Good luck.

Cole Baker · Answer

Hey Matt A,

One option beyond what I am seeing in this post are the actual websites of the brokerages that are selling the properties. So find the brokerages in your area and take a dive onto their websites! I hope this helps on top of the other replies on this post! There is a lot of good stuff here.

Chris Seveney · Answer

@Matt A.

Crexi over

Loopnet

Alex Larcheveque · Answer

Zillow is the Zillow of multifamily homes haha. In all seriousness, you need to play around with the filters in Zillow and Redfin.

Most 2-4 unit multi-family homes should be listing on the MLS, and you can filter Zillow by "Home Type." Deselect everything besides "Multifamily."

Brett Voorhees · Answer

Hey @Matt A., Check out Loopnet.com You can find some on their normally along with other commercial properties. Sometimes on MLS here in FL, not sure if it would be any different by you.

What is the Zillow of Multi-Family homes?

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