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Scottsdale, AZ Multi-Family Homes

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Scottsdale, AZ Multi-Family Homes for Sale

Find the newest multi-family home listings in Scottsdale, Arizona, today! Scottsdale, Arizona, is known for being an upscale year-round vacation destination, but it’s so much more than that for residents. Over 265,000 residents call Scottsdale home, and there’s something for every kind of lifestyle. If you’re a foodie, an outdoor enthusiast, or you just love the heat, there is always something to do. With ample job opportunities and a robust real estate market, Scottsdale is a must-see destination for purchasing your next home. For more information on real estate for sale in Scottsdale, Arizona, schedule a showing, call us today, or send us an email. 

Gearing up to buy or sell a multi-family home soon in Scottsdale? Call Patrick O'Sullivan at (602) 842-5050. Your Scottsdale realty team is here to help navigate the Scottsdale real estate market.

What is a Multi-family Home?

A multi-family home that has more than one unit, and all of them are private. Multi-family properties include condos, apartments, duplexes, triplexes, fourplexes, or any building that has more than one private suite. Multi-family homes do not need to have a specific layout to be considered multi-family. 

Scottsdale Multi-family Home Real Estate Market

Multi-family homes are among the least popular housing types in Scottsdale. However, there are still options available for interested buyers. Prices for multi-family properties range from $500,000 to $2 million. Larger multi-family homes come with excellent amenities like community pools and tennis courts. 

Multi-family Homes Throughout Scottsdale

Scottsdale doesn’t have any designated multi-family home communities, but interested buyers can find them in many desirable communities around the city. Multi-family homes are typically located in the southern part of the city in communities like Western Villa, Scottsdale Sierra, and South Scottsdale. 

Why Buy a Multi-family Home?

Multi-family properties are an excellent investment opportunity, but they are also ideal for people who are looking for extra space for family or friends. As an investor, real estate investing is one of the most popular methods to jump into the investing game, and it’s an excellent addition to your portfolio. It is a great way to build equity, generate some passive income, but it requires you to become a landlord or hire a company to manage your new investment. Suppose you’re looking for an investment property, but you want to live in one unit and have the other units as homes for family members or friends. In that case, you may end up being able to live rent-free because of the income from rent. Perhaps you want to take care of your aging parents, but you both want privacy. Purchasing a multi-family home is a great option. Regardless of your motivation for doing so, an investment property can be an excellent option. 

Financing a Multi-family Home

Once you’ve decided to go ahead with the purchase of your new multi-family home in Scottsdale, you will likely be looking into financing unless you have the cash on hand. Depending on your plans with the property, you may qualify for different financing options that could save you money in the long run. It’s important to know what options are available and how they differ. It’s essential to work with a team of well-versed professionals and experienced in multi-family properties to get the best mortgage for your needs. Depending on the number of units, typically more than a fourplex could be considered a commercial property, so it’s crucial to work with an experienced team, so everything is seamless. Most likely, you’ll be in the market for a residential mortgage, and there are few options available. 

Suppose you are purchasing a multi-family property strictly as an investment home and do not plan on residing in one of the units. In that case, you will need to opt for a traditional mortgage. There are stricter requirements to get approved, you will need to have a larger down payment, and you will need excellent credit. An investment rental property is a risky transaction for banks, so there are many barriers between you and your new property, but it’s worth the extra effort. Your rental income can also be used towards the application and approval process. 

If you plan to live in one of the units and rent out the other ones, you may qualify for an FHA loan. The Federal Housing Administration loan offers some significant benefits, like a lower down payment, fewer requirements, and lower interest rates, which ends up saving a lot of money in the long run. 

The final option is available to U.S. military members and former members. The Veterans Affairs loan is an excellent option for those who have served in the military. They offer no downpayment, lower interest rates, no private mortgage insurance, and don’t need to have excellent credit. As long as you live in one of the units, you can qualify for this loan. It’s an incredible option for those who qualify and should be taken advantage of. 

It’s recommended to find a team of professionals with the experience to ensure you get the mortgage that best fits your situation. The difference between these loans may seem small, but it can end up putting a lot of money back in your pocket or costing you extra that you could be saving. 

Why Buy & Sell Multi-family Homes With getMULTIfamily.com 

GetMultiFamily.com is the best way to buy and sell your multi-family property in Scottsdale, Arizona. Our incredible service is carried out by our team of professionals that aim to make every transaction stress-free and seamless. We specialize in duplexes, triplexes, fourplexes, and other multi-family properties. We have plenty of happy clients who recommend us every chance they get, and we always recommend The Cap Core Real Estate Group to each and every one of them. Cap Core is an incredible group of professionals that elevate the real estate business. The group is led by the former real estate advisor for U-Haul, Patrick O’Sullivan. Patrick has an impressive resume, including accolades like Agent of the Year and the CCMI (Certified Commercial Investment Member) designation. His work ethic helped him launch the group and become incredibly successful. When it comes to your Scottsdale home, Cap Core is up for the job and would love to help you with the sale or purchase of your dream home. 

Jump back to Multi-Family Homes, Scottsdale Listings >>>

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Multi-Family Homes for sale in Scottsdale, AZ

7323 E Belleview Street, Scottsdale image
7323 E Belleview Street, Scottsdale $4,250,000 ▲

Matera Villas Townhomes are eight town homes 2016 construction townhomes near old town Scottsdale. These are separately parceled condo mapped townhomes with no HOA. All a...

  • 6511097 MLS
6220 E Larkspur Drive, Scottsdale image
6220 E Larkspur Drive, Scottsdale $3,614,000

Turn key investment portfolio in the highly sought after city of Scottsdale. Offering 3 hand curated and exceptional short term rental properties that have over $780k in ...

  • 6508382 MLS
7702 E Thomas Road, Scottsdale image
7702 E Thomas Road, Scottsdale $21,300,000 ▲

We are pleased to present for sale a hand-curated residential real estate portfolio consisting of 26 newly-remodeled single family homes that are currently operating as s...

  • 6508073 MLS
6620 E Earll Drive, Scottsdale image
6620 E Earll Drive, Scottsdale $1,440,000

Beautifully remodeled 4-plex in highly sought after area of Old Town Scottsdale. New paint, cabinets, appliances, floors, fixtures, and more. Corner lot, unique layout,...

  • 6503446 MLS
7602 E Polk Street, Scottsdale image
7602 E Polk Street, Scottsdale $2,495,000

Ethos on Polk-completely remodeled 6 units near Old Town Scottsdale. Currently vacant but is in lease up mode.All of the right modern touches for today's tenants. From th...

  • 6502601 MLS
6813 E Avalon Drive, Scottsdale image
6813 E Avalon Drive, Scottsdale $875,000

Great Location! Triplex in Scottsdale. Three 1 bed 1 bath units located in the most desirable rental market in Scottsdale! Just a few blocks from Old Town Scottsdale, Sco...

  • 6497408 MLS
7834 E Glenrosa Avenue, Scottsdale image
7834 E Glenrosa Avenue, Scottsdale $1,750,000

Welcome to the Glenrosa Deux, the most unique income producing property to ever be constructed in Old Town Scottsdale. The property consists of 2 units, both at 1380 sq/...

  • 6483294 MLS
3301 N 66th Street, Scottsdale image
3301 N 66th Street, Scottsdale $1,047,000 ▼

Price Reduction $150,000 per building, & Seller is offering $10,000 to be used towards closing costs &/or rate buy down. The Holiday Park area w/ its developing mid-centu...

  • 6465092 MLS
3307 N 66th Street, Scottsdale image
3307 N 66th Street, Scottsdale $1,047,000 ▼

Price Reduction $150,000 per building, & Seller is offering $10,000 to be used towards closing costs &/or rate buy down. The Holiday Park area w/ its developing mid-centu...

  • 6465091 MLS
7320 E Belleview Street, Scottsdale image
7320 E Belleview Street, Scottsdale $6,700,000 ▼

Built in 1960, Bella Villas Apartments is a 21-unit garden-style condominium community comprised of 5% 1-bedroom / 1-bathroom unit types, 85% 2-bedroom / 1-bathroom unit ...

  • 6461912 MLS
3114 N 68th Street, Scottsdale image
3114 N 68th Street, Scottsdale $850,000

Location! Location! Location! Multifamily 4-Plex opportunity, excellent long term or Airbnb/VRBO investment opportunity in the most desirable rental market in Scottsdale!...

  • 6449163 MLS
3108 N 68th Street, Scottsdale image
3108 N 68th Street, Scottsdale $1,200,000

Excellent fully occupied Multifamily 4-Plex opportunity in the most desirable rental market in Scottsdale! Unit mix consists of #1: 1 bed 1 bath unit (which can easily be...

  • 6449160 MLS
6802 E Pinchot Avenue, Scottsdale image
6802 E Pinchot Avenue, Scottsdale $1,399,000 ▼

Welcome to Pinchot Villa Apartments located in the heard of Old Town Scottsdale. Super close to Fashion Square mall, entertainment and restaurants. The 3 bedroom unit h...

  • 6419382 MLS

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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