A multi-family property, such as a duplex, triplex, or multi-unit building, can often be more-lucrative than a single-family property in that the price per unit can indeed be less with not reducing rent proportionately. The other great thing about multi-family is that since multiple units are rented, vacancy isn’t usually an all-or-nothing situation like it is with a single-family property.
Furthermore, due to zoning, multi-family is also a limited commodity. Multi-family properties aren’t exactly a robust part of the market because investors tend to hold onto them for years.
If you are interested in learning more about multi-family properties and available properties in our area, let’s talk!