How To Get a List of Multifamily Properties In a Region

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Rental Property Investor · Canandaigua, NY · Member since 2019 · 57 posts · 36 votes
6y

@Gaspare U.

I only bought it a few days ago but the list is pretty great as you can customize anyway you want. I’d suggest to just go on there and make a list for the criteria your looking for and see what that gives you then decide if you to buy it. I narrowed mine down to 330 properties in my area and the list was $70 if I get one property from it then it will be 100% worth it.

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  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @William Coet:

    What are the best ways to get lists of multifamily properties in a city, county, region, or state?

    Thanks!

    Tax parcel search or tax database. Most cities have this online. Next best options would be listsource, Reonomy amd Costar 

  • Rental Property Investor · Canandaigua, NY · Member since 2019 · 57 posts · 36 votes
    6y

    @William Coet

    I just bought my first list from listsource which was for multi family properties with absentee owners in my city and the surrounding 10 miles. They make it so easy on that website.

  • Attorney · Clifton, NJ · Member since 2015 · 1k+ posts · 328 votes
    6y

    @William Coet if you have a specific city why don’t you connect with a realtor there who can give you a list?

  • Specialist · Member since 2019 · 494 posts · 220 votes
    6y

    @William Coet Direct mail is an effective way to find owners. I'd suggest that you work with a list broker to get suggestions on the best list for your area. 

    For example, there are 1,212 multifamily homes in Lancaster County, PA. However, you might want to narrow those down based on home value, equity and absentee vs owner occupied.

  • Rental Property Investor · Washington, DC · Member since 2015 · 429 posts · 393 votes
    6y

    @William Coet you can start by simply going on Rent.com and searching by the city or zip code and it will produce a list of rentals, give info on the apartment property. You can filter from there.

  • Rental Property Investor · Cranford, NJ · Member since 2019 · 245 posts · 148 votes
    6y

    @Joshua Mellor what’s your review so far on this list? Good value? Would you do it all over again with them?

    Thanks!

    Gaspare

  • Rental Property Investor · Canandaigua, NY · Member since 2019 · 57 posts · 36 votes
    6y

    @Gaspare U.

    I only bought it a few days ago but the list is pretty great as you can customize anyway you want. I’d suggest to just go on there and make a list for the criteria your looking for and see what that gives you then decide if you to buy it. I narrowed mine down to 330 properties in my area and the list was $70 if I get one property from it then it will be 100% worth it.

  • Investor · Member since 2020 · 15 posts · 4 votes
    6y

    Thank you for the info. I’m looking for  this list too starting out with duplex to four plex in the houston tx area. 

  • Real Estate Coach · Salt Lake City, UT · Member since 2017 · 273 posts · 414 votes
    6y

    @William Coet

    What size multi-family are you looking for?  I think lists would work well for the smaller multifamily (2-30 units).  If you're looking to get into the larger ones, spend your time talking to brokers.  It's a broker's job to market and sell apartments so they already have lists of apartments and have personal realationships with many owners.  You obviously pay a broker's fee, but they spend the time making calls to their list of owners so you don't have to.  On the flip side, they won't be exclusive to just you because they're chasing commissions.

    Bottom line, leverage brokers if you can.

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