Multi-family Properties In Arizona

[Zack Francis]

Greetings BP community,

After saving up for a downpayment, I'm interested in purchasing a duplex or fourplex as my first investment property. I live in Arizona, and would prefer a local property, but I'm open to out-of-state properties as well. Ideally, we would love to househack. What are the best resources, and sites to locate multi-family properties? MLS?

Thanks for your feedback,

Zack

[Ryan Husser]

Hi Zack! 

If you're just getting started and want a smaller multi-family (2-4 units) the MLS would likely be your best bet. In AZ they are in older parts of town, so you can't be super picky with location. In general there aren't a ton of small multi-family properties in the Phoenix area. Another option is to go off market, as you will be fighting many other buyers with MLS properties.

Usually, out of state there are more options for multi-family. For example in Ohio, they are much more common in Cincinnati, Cleveland, Columbus, etc. because these cities are much older than Phoenix. Hopefully this helps!