Each quarter we break down all the multi-family properties that were sold in Essex County for our quarterly Multi-Family Market Reports. One of the trends we like to look at is how various property types are doing in comparison. Some quarters, duplexes and 3-families are hot, other times it is larger apartment buildings with more than 5 units. Understanding these trends can help you become a better investor, seller or landlord.
Three Reasons why a Multifamily Property is a great investment: Aging boomers, struggling millennials, and the high cost of new buildings in the northeast all point.