MARYLAND! Where Are Y'all INVESTING?!?!

[Travelle Mason]

I'm new in town. I live in Rockville where there is practically NO small multifamily properties.

Aside from Baltimore and DC, where else can I look for multis?

[Russell Brazil]

Less than 1/10th of 1% of properties in Montgomery County are multifamily 2-4 unit properties. The majority of those are located in Takoma Park, which has the strictest rent control on the east coast.  There is TP nonincorporated that has some.  One of my clients actually owns a couple there right outside the city limits.

In DC roughly 4% of the properties are multi 2-4 unit properties. Baltimore has a handful, as does Frederick.

Multifamily is amongst the most competitive segment of the DC areas market due to the low amount of them that even exist (and that number is shrinking with condo conversions) and the extremely high demand of them.

Montgomery County and DC allow for something called Accessory Dwelling Units. They essentially allow you to convert the basement to a rental if you are an owner occupant. Only available for owner occupants. The criteria for the properties is very strict for which ones qualify for ADU's.