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Updated almost 5 years ago, 02/20/2020

User Stats

484
Posts
276
Votes
David Moore
  • Investor
  • Crystal, MN
276
Votes |
484
Posts

Minneapolis and St. Paul Metro Area Market for Multi-Unit

David Moore
  • Investor
  • Crystal, MN
Posted

Long time no post, all.  I'm wondering if anyone has noticed the market for multi-units seems to  be really hot right now.  I recently considered listing my four plex, only to reconsider when I saw a decent amount of duplexes now selling between $150K and $200K per unit, and four plexes fetching at least $440K, and going for as high as $900K (in Uptown, of course).  I'm concerned at selling too quick, into what appears to be a high demand wave.  

I remember a podcast on BP once about a Portland, OR investor who sold his SFDU for $89K, only to learn some years later, the buyer resold for $950K.  He said that was painful.  Would like to avoid that same fate.  Any thoughts?

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