Looking for a multi family home in TX

[Cory Kim]

I’m looking to relocate and buy my first multi-family home in SA, Austin, or DFW.

I was wondering if any of those large cities fit my criteria:

2-4 plex

Good public transportation

Safe neighborhoods

250k range

Are there any you’d recommend over the others, or does one sound like a better fit? I hope this isn’t too broad, but I just want to start narrowing down my location if possible.

Thank you.

[Jacob Pereira]

As @Joe S. implied, there's not much in Austin at that price. You could possibly find something that requires a lot of fixing up, but after those repair costs you'd be above that amount anyway. If you're willing to go a bit farther out of the city, there are some options, but then you'll run into public transport issues. Out of the the three cities you've named, I imagine only San Antonio MIGHT be able to check all your boxes, and even then you can probably give up on a fourplex unless you're willing to look into the smaller surrounding cities.

Keep in mind that 2/4 unit properties tend to be built in clusters, and that usually keeps the entire neighborhood down, especially at the low price point where you're looking.

Have you considered looking into places like Elgin, Killeen, or Temple? I don't usually recommend those spots to absentee landlords, but it sounds like you'll be living there, so you could keep an eye on the property. I'm sure SA and DFW have similar suburbs that could fit your price range better.