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When investing in real estate, multifamily properties are often an attractive option for both seasoned and new investors. These properties can provide consistent rental income, while also offering various styles and sizes to fit different investment strategies. In this blog, we’ll explore the different types of multifamily housing, ranging from smaller units to larger complexes, and how each type can fit into your investment portfolio.
Apartments: The Traditional Choice
Apartments are perhaps the most common type of multifamily housing, offering multiple units in a single building or complex. Apartment complexes can range from small buildings with a handful of units to large developments with hundreds of units. Investors often appreciate apartments for their scalability. Managing a large complex allows you to centralize maintenance and operations, which can make them easier to handle compared to several smaller properties scattered across town.
Condos: Ownership with Flexibility
Condominiums (condos) offer a unique take on multifamily living. While similar to apartments in design, each unit in a condo building is individually owned. This means investors can purchase multiple units within a condo complex, rent them out, and potentially benefit from property value appreciation. Condos often come with shared amenities like pools, gyms, or clubhouses, making them attractive to tenants.
Duplexes, Triplexes, and Quadplexes
If you're looking for something more manageable but still want to explore multifamily investments, duplexes, triplexes, and quadplexes are a great option. These properties consist of two, three, or four units in a single building. The benefit here is that you can live in one unit while renting out the others, reducing your living expenses or even covering them completely. These smaller multifamily properties are also a smart choice for those just starting in real estate or looking for a more hands-on approach to property management.
Each type of multifamily housing offers different advantages, depending on your investment goals and level of involvement. Whether you're considering the long-term growth potential of an apartment complex or the flexibility of owning a few condo units, there are opportunities for every kind of investor in the multifamily market.
Interested in learning more? Browse our multifamily properties for lease on our website, or contact us today if you own a multifamily property or are looking to invest in one!