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Updated about 9 years ago on . Most recent reply

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29
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Young Moon
  • Investor
  • Fairfax, VA
5
Votes |
29
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How are the markets for multi-family in Virginia

Young Moon
  • Investor
  • Fairfax, VA
Posted

Hi - I am an investor in Northern Virginia and own a number of properties here.  I am looking to expand into multi-family but have found that there are not a lot of opportunities to purchase that type of asset in this area.  So I have decided to look further out in places like Richmond or even the Virginia Beach area.  Does anyone out there have expertise in the multi-family space out there?  Or are there other areas in Virginia worth considering?  I am looking to purchase in the $2 million range and expect to hire a property manager for the property.  Thanks!

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17,492
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30,192
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,192
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17,492
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Multifamily housing is almost non-existant in Northern Virginia. I think something like 11 properties traded in the last 2 years.  Ive gone down to the Hampton Roads area to view multi's down there, but I did not care for the properties I saw

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