10 Steps to Sell Your Multi-Family Home for All It’s Worth
If you’re selling a multi-family home, you’re likely ready to trade up from your starter duplex, triplex, or quadruplex investment property, or have determined it’s a good time to cash out altogether.
In 2023, multi-family investment volume totaled was $119 billion, a 61% decrease from the year prior. But, according to J.P. Morgan’s 2024 multi-family market update, the outlook on multi-family real estate remains largely positive for the remainder of the year as renter demand and new construction supply continue to grow. CBRE, an American commercial real estate services and investment firm, also predicts that 2024 is expected to see the largest supply of new apartments the market has seen in decades.
Still, even with the market on your side, selling a multi-family home is complex. You’ll need to compile your rental earnings, coordinate showings with tenants, and make strategic repairs that won’t eat away your profit.
We spoke with three property investors from across the country and a top real estate agent with experience in the industry to arm you with ten tips to sell your multi-family home for all it’s worth.
