Multifamily Homes Stats
| Average Price | $2M |
|---|---|
| Lowest Price | $1M |
| Highest Price | $18.9M |
| Total Listings | 95 |
| Avg. Price/SQFT | $544 |
Property Types (active listings)
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More About Multi-Family Properties, Washington Metro
Unlike some specific real estate categories, such as waterfront homes or luxury estates out in the countryside, multifamily properties can be found in a wide variety of areas throughout the Washington Metro region. It is certainly more common to see listings in urban neighborhoods, or on certain streets or areas in the suburbs that are zoned for multifamily use. You may not always find the exact structure you’re looking for in a particular target area. But this is a type of housing that can be found in many areas throughout the District, Alexandria, Arlington, Fairfax County, Montgomery County, and other parts of the region.
You may want an investment properties that generates a steady income stream through monthly rentals, an empty building ready to be repurposed as condos for sale, or perhaps something as simple as a townhouse with a downstairs apartment suitable for guests, an au pair, or in-laws.
From grand old historic mansions that have adapted their use over extended periods of time, to new construction boutique buildings or empty lots with permits and planning in place, multifamily properties can offer a variety of solutions for real estate shoppers looking to expand their business portfolio. Please browse the DC Luxury Collection available listings and give us a call to learn more.
District Partners at Compass is a full service real estate agency, working with both residential and commercial properties. We are always happy to take your call at 202-929-3600.
Curious About the Condo Market In Washington Metro? Contact Andre Today.
Get in touchMulti-Family Properties in DC Metro FAQs
Q: Does a multifamily property have to be a condominium or apartment building?
A: No, it can be any residential property with more than one unit or space that is permitted for residency.
Q: How would I get permission to rent out a basement apartment in my home?
A: Rules and regulations can be specific to your home’s location, but generally speaking you will need a basic business license and a certificate of occupancy.
Q: How important is location when it comes to determining the cost of a multifamily property in Washington Metro?
A: There are many factors that play into cost, but location is very important.
