Real Estate Entrepreneur, Real Estate Marketer · San Jose, CA · Member since 2015 · 12 posts · 2 votes
I am hoping someone can either answer, or point me to resources so that I may educate myself on the geographical concentration of 2,3, and 4 unit multifamily properties. Thanks in advance for any and all replies.
Northeast states like Massachusetts, Rhode Island, New York, New Jersey, are states that have high concentration of triplex, duplex and quads. In MA, Boston, Dorchester, and Brockton are among the towns with very high concentration these.
@Randy Daniels, @Jerry Agbon is on point - Boston has a very high concentration of 2-4 unit multi's. Different than NYC/NJ as it's likely a higher proportion of the overall market. Not sure exactly what you are looking for here but it's certainly a market to check out (that said it's an expensive market!)
And to be clear - a lot of the Dorchester properties have been converted to condos (we've financed a bunch of conversions in the past few years).
Thanks for the reply. The reason behind the post was for marketing purposes. I plan on adding this lead channel niche for wholesaling or novations. Thanks again for the reply. By the way, do you know of any websites that may have a state by state break down?
Do you know of any websites that I can utilize to identify these secondary and tertiary markets for specified small multifamily opportunities? Thanks for your reply.