Triangle Multi-family Home Search
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Triangle Multi-Family Homes - Including Duplexes, Triplexes & Quads
Please scroll to the bottom of this page for a complete list of available inventory in the Raleigh, Durham, Chapel Hill and surrounding areas!
Modern duplex located in Durham, NC
Multi-family homes can be a great investment, especially for those who are new to real estate investing. These types of properties are easy to understand for new investors. You expect that each unit will have its own entrance, kitchen, bathroom, and utility metering - in other words, the same amenities you’d find in a single-family home.
Investing in a duplex, triplex, or four-plex (quad) is our focus in this article because these types of properties are considered residential real estate and that makes financing a much simpler task than applying for a commercial real estate loan.
Buying a multi-family home offers you a host of options for renting out the units. Some people choose to live in one and rent out the other(s). Other families use them to house extended family, aging parents or adult children, for example. Family members keep their independence, but any help needed is just a few steps away!
There are both pros and cons to these types of units, as with any real estate investment. Individual investors will need to consider many factors when making a decision. On the plus side:
Easier to finance
Beginning investors will usually have an easier time with financing in residential units of four and less. In fact, most lenders treat these smaller multifamily units as if they were a single-family home. They are seen as a lower-risk investment and thus more attractive to lenders.
More cash flow potential than single-family homes
An investment in multi-family properties will typically offer you a greater monthly cash flow than a single-family home. Having leases that renew on a 3, 6, 9, or 12-month cycle means that rents can be increased according to market demand.
Multi-family homes by definition have multiple rental revenue streams, so if you own a triplex, and one unit is empty, you are still collecting rents on the other two units to defray your mortgage costs. Typically, the combined rent from multi-family homes will beat out a single-family residence at the same price point.
As an additional bonus, multi-family homes have weathered past times of economic uncertainty better than almost any other type of real estate investment.
More people renting
As housing prices have risen around the country - this is certainly true in the Raleigh / Durham area - many people who would be traditional home buyers find themselves priced out of the market. Some of those families are delaying their home purchase plans for now and renting instead.
Favorable per-unit pricing
It might seem logical that the price for a multi-family home is just a multiple of an individual unit, but in fact, there are economies of scale. The second unit of a duplex, for example, may be only 50% more than buying a single unit. Because of this the cash flow on duplexes and triplexes are almost always better than the cash flow on a single family residence. Also, if one unit goes unrented then you still have the rent coming in from the other unit at least.
A quad located in Raleigh, NC
Property management more feasible
If you aren’t interested in full-time management of your multi-family property, the alternate route is to hire a property management company. That option can be cost-prohibitive for a single-family dwelling but makes more sense if you have multiple units in one property.
Extra advantages for “owner-occupied” investor
“House hacking” is not a cyber weapon, but an advantage that works for some investors. Here’s how it works: when you live in one of the units of the multifamily residence, it’s possible that those tenants will essentially pay your mortgage and expenses for you. Eliminating your housing costs is a huge win in anyone’s budget, especially with the way housing prices have increased in the Raleigh / Durham area in the past decade.
“Owner-occupied” properties may also have advantages for financing with lower interest rates and lower down payments.
However, there are some disadvantages to living on-site, which brings us to the downsides of buying multi-family homes.
You are the property manager and a co-tenant
If you are an owner-occupied property, remember that your tenants will be looking for you if they have any issues. It’s your door they will be knocking on in the middle of the night when the pipes burst.
And of course, you’re sharing walls and other common areas with your tenants. There may be more “community” in this endeavor than you’re comfortable with, so keep that in mind.
Plan on dedicating time to the property
Managing a multifamily unit requires a certain time commitment. You can mitigate this downside by hiring a property manager, but keep in mind you will still need to allocate some time as you, the owner, may need to visit the property for maintenance and repair requests.
As the owner, you will have to deal with individual leases, tenants of all personality types and communication styles. However, a multifamily property is still less work than managing a portfolio of single-family homes.
Competition on two fronts
When it comes to renting out your units, you will be competing with larger apartment complexes, some of which have all amenities - pools, tennis courts, fitness areas. You may not be able to command the highest rent in some areas that have multiple apartment complexes; on the other hand, some renters do prefer quieter spaces and are happy to forego the “extras.”
The other competition with multi-family units can come from more experienced investors. This sometimes shuts new investors out of the market completely. One strategy used by beginning investors is to partner with more experienced investors to learn the ropes.
Inconsistencies in income/expenses
Rental units can be inconsistent in terms of vacancies and maintenance expenses; even property taxes can vary wildly in some markets from year to year. We have seen taxes go up in the Raleigh / Durham area in the past 10 years, mainly due to property values increasing.
Up-front work needed
Nearly all multi-family units need a little work when you purchase them since most are not owner-occupied. One of the important things to do is to get an independent home inspector to look at the units before completing the purchase. That way if there is a major repair issue you can either negotiate with the seller or back out of the contract.
Though multi-family homes such as a duplex or triplex are rare compared to single-family homes, there is usually at least some inventory in the Triangle area. Below you will find a complete list of multi-family homes for sale in Durham, Chapel Hill, Raleigh, and the surrounding areas.
Make sure to select the appropriate county that you would like to search in, or contact us for help. We have experience in small multi-family properties and can help with assessing the property’s value.
To view multi-family homes for sale in a specific community, follow these links:
Multi-family Homes for Sale in the Raleigh / Durham Area
Expand your rental portfolio in Rowland, NC. Two-3 Bedroom, 2 Bath Singlewide manufactured homes currently occupied with tenants (currently paying $425/month and $550/mo...
- LP731239 MLS
- ACTIVE Status
Wonderful duplex just a few blocks from Historic Oxford. Property is in a rental program that offers almost instant income/return. Property has been lived in by the sam...
- 2 Beds
- 1 Baths
- 10040638 MLS
- ACTIVE Status
Income producing property near downtown Durham in good condition with both sides of the duplex leased with long term tenants.
- 2 Beds
- 2 Baths
- 10036260 MLS
- ACTIVE Status
Rare opportunity to own a Duplex in Burlington. Live in one unit and rent out the other! Super convenient location near I-85. Run, don't walk to see this property as it w...
- 2 Beds
- 2 Baths
- 10045569 MLS
- ACTIVE Status
Prime Investment Opportunity. Duplex for sale 213 Colonial Dr. Fayetteville, NC. Seize the Opportunity!! We are thrilled to present a unique investment opportunity ...
- 4 Beds
- 2 Baths
- 10039777 MLS
- ACTIVE Status
Prime Investment Opportunity. Duplex for sale 219 Colonial Dr. Fayetteville, NC. Seize the Opportunity!! We are thrilled to present a unique investment opportunity ...
- 4 Beds
- 2 Baths
- 10039781 MLS
- ACTIVE Status
GREAT INVESTMENT PROPERTIES! 3 Homes all rented on 2 parcels right in the great area of Four Oaks! Each home is tenant occupied. No restrictions. Country living in the he...
- 3 Beds
- 2 Baths
- 10004184 MLS
- ACTIVE Status
Cozy one bedroom, one bath floor plan. Open concept living with vaulted ceilings. Patio overlooking common area. Large bedroom with vaulted ceilings, and large walk in cl...
- 1 Beds
- 1 Baths
- 10047199 MLS
- ACTIVE Status
Incredible opportunity to own an established income producing property. This wonderful Historic bungalow is a part of the National East Durham Historic District and is po...
- 2 Beds
- 2 Baths
- 10049481 MLS
- ACTIVE Status
REMARKABLE INVESTMENT OPPORTUNITY! Two separate one-story 2-bedroom, 2-bathroom townhouses being sold together. Both units are recently renovated/remodeled and rented f...
- LP731613 MLS
- ACTIVE Status
Discover the charm of this early architecture unique home, thoughtfully converted into a two-unit Duplex in the heart of historic Spring Hope! featuring original hard w...
- 2 Beds
- 2 Baths
- 10040136 MLS
- ACTIVE Status
Check out this minimal 1967 brick duplex, ideally located just moments from downtown Durham! This well-maintained property features two separate units, each offering 2 be...
- 4 Beds
- 2 Baths
- 10041211 MLS
- ACTIVE Status
Unique Investment Property: Exceptional Chance to Acquire Three Homes on One Parcel! Conveniently situated on the north side of town with easy access to I-295, Ft. Libert...
- LP728633 MLS
- ACTIVE Status
Welcome to your modern sanctuary, set to be completed by fall 2024. Framing is complete as of July 2024. Each side is $320,000. This sleek new construction duplex boasts ...
- 3 Beds
- 3 Baths
- 10025718 MLS
- ACTIVE Status
Welcome to your modern sanctuary, set to be completed by fall 2024. Framing is complete as of July 2024. Each side is $320,000. This sleek new construction duplex boasts ...
- 3 Beds
- 3 Baths
- 10025723 MLS
- ACTIVE Status
Must see to appreciate! Like new 3 BD/2BA home convenient to everything. New roof, new LVP flooring, new carpet, new sinks & faucets, new light fixtures, fresh paint, gra...
- 3 Beds
- 2 Baths
- 10037787 MLS
- ACTIVE Status
Hard to Find Duplex just FOUR Blocks from Downtown Fuquay Varina. Upstairs is a 1/1 and Downstairs is a 2/1 both currently rented on a month-to-month basis. Tenants hav...
- 3 Beds
- 2 Baths
- 10039613 MLS
- ACTIVE Status
Investors, Small Businesses and Multi-Generational Families! An up and down duplex, Units A & B and a detached garage, Unit C. The garage features 3 bays, a workshop, fl...
- 6 Beds
- 2 Baths
- 10049617 MLS
- ACTIVE Status
Discover an exceptional commercial investment opportunity at 1233 Burchette Road in Warrenton, North Carolina. This expansive 42-acre parcel(approx.), strategically posit...
- 3 Beds
- 2 Baths
- 10012068 MLS
- ACTIVE Status
HUGE PRICE ADJUSTMENT! Attention builders and investors, this is an amazing opportunity, located in the heart of Downtown Raleigh. This duplex offers (2) units with addi...
- 10038263 MLS
- ACTIVE Status
Discover your perfect home at 421 E 15th St, Winston-Salem! This charming residence combines timeless appeal with modern comforts in a desirable neighborhood. Featuring a...
- 6 Beds
- 4 Baths
- 10044693 MLS
- ACTIVE Status
Discover an unparalleled investment opportunity in the heart of Durham, NC. This newly renovated 4-bed/2-bath duplex in the highly sought-after Hayti neighborhood As a...
- 4 Beds
- 2 Baths
- 10037254 MLS
- ACTIVE Status
LANDLORD'S TURNKEY OPPORTUNITY! 2 SFRs with tenants in place paying $3000 total per month. Each property rents for $1500. Properties was fully renovated last year. New ro...
- 3 Beds
- 2 Baths
- 10042749 MLS
- ACTIVE Status
Prime investment opportunity. End of August completion! Brand new duplex- 2 units for the price of one! Perfect investment opportunity. Situated close to Fayetteville, Sa...
- 3 Beds
- 3 Baths
- 10041384 MLS
- ACTIVE Status
Located in part of the gateway into Downtown Raleigh, this 4-apartment investment property needs work but has enormous potential. It is on a corner lot in the exciting Bu...
- 4 Beds
- 4 Baths
- 10036750 MLS
- ACTIVE Status
This Wonderful quadruplex INVESTMENT OPPORTUNITY! Stunning gray vinyl siding. Each Interior units feature 1000 SF 2 Bedrooms and 1.5 Baths. Spacious Living Room and Ea...
- LP729366 MLS
- ACTIVE Status
Investment Opportunity: Beautifully Renovated Duplex in the Heart of Durham! Turnkey Property: Move-in ready with no additional work required. Open Concept: Modern, s...
- 2 Beds
- 2 Baths
- 10044382 MLS
- ACTIVE Status
Attention Investors!! This quadruplex, located in the heart of Pembroke, NC, features four spacious 3-bedroom, 2-bath units with full kitchens. Ideal for students, facult...
- 12 Beds
- 8 Baths
- 10045365 MLS
- ACTIVE Status
The Inspiration by David Weekley floor plan presents optimized gathering spaces and the versatility to adapt to a family's lifestyle changes throughout the years. Sunligh...
- 2 Beds
- 2 Baths
- 10038947 MLS
- ACTIVE Status
Homeowners, investors, Airbnb Owners.. look no further!!! You can live in one unit and rent the other units or Airbnb the others! Or just rent out the entire quadplex! Ve...
- LP725301 MLS
- ACTIVE Status
Incredible location within the heart of Encore. The Inspiration by David Weekley presents optimized gathering spaces and the versatility to adapt to your lifestyle. Sunli...
- 2 Beds
- 2 Baths
- 10040081 MLS
- The Inspiration Bldg.
- ACTIVE Status
Discover this brand new duplex, designed with a smart layout featuring the primary bedroom, kitchen, and an open living room on the first floor. Enjoy the LVP flooring th...
- 6 Beds
- 4 Baths
- 10042191 MLS
- ACTIVE Status
Charming ranch style duplex close to downtown Raleigh, shopping, restaurants, employment opportunities. Walk to bus line! Each side is 3 bedrooms, 2 bathrooms. Excellent ...
- 6 Beds
- 4 Baths
- 10048375 MLS
- ACTIVE Status
Nice mobile home park on 47 Acres and located a short distance to HWY 74. The park is accessed by 2 private, well maintained garvel roads (Cameron and Destiny Drive). Th...
- LP725662 MLS
- ACTIVE Status
Don't miss this opportunity to own investment property in Fuquay Varina. 2 units, both are 2BR/1.5BA with eat in kitchens with pantries. Large family rooms, large fenced...
- 4 Beds
- 4 Baths
- 10048312 MLS
- ACTIVE Status
Great duplex located in American Village neighborhood, just 10 minutes from downtown Duke area. Sits on a private cul-de-sac with great privacy. Each unit is 4 bedroom/2....
- 4 Beds
- 3 Baths
- 10037958 MLS
- ACTIVE Status
GREAT OPPPORTUNITY FOR INVESTORS LOOKING FOR RESIDUAL INCOME WITH LOTS OF POTENTIAL FOR MORE. HAS BEEN APPOVED FOR ADDITIONAL 19 HOMES! OWNER HAS COMPLETELY RENOVATED ALL...
- LP728847 MLS
- ACTIVE Status
Location...Location!!! Come explore the possibilities for your next investment! Convieniently located inside the beltline and approximately 200 yards from bus stop. Reno...
- 3 Beds
- 2 Baths
- 10050679 MLS
- ACTIVE Status
Location...Location!!! Come explore the possibilities for your next investment! Conveniently located inside the beltline and approximately 200 yards from the bus stop. F...
- 3 Beds
- 2 Baths
- 10050682 MLS
- ACTIVE Status
CALLING ALL INVESTORS: Back on market due to Buyer's personal financial situation. Two all-brick,1 story duplexes, each separate , so 4 units. 2 bed/2 bath each, In FLOOD...
- 8 Beds
- 8 Baths
- 10037261 MLS
- ACTIVE Status
Excellent 4-Unit Investment Opportunity in a growing pocket of Durham - 15 mins to downtown, 20 mins to RTP. All Spacious, 2 bed/1.5 bath townhome-style units. 3 Units ...
- 8 Beds
- 8 Baths
- 10046737 MLS
- ACTIVE Status
Investment Property with great rental records. Two Unit's in an amazing location.
- 4 Beds
- 4 Baths
- 10027646 MLS
- ACTIVE Status
**Discover Your Perfect Mountain Retreat or Investment Opportunity in Bryson City, NC** Welcome to Bear Cove Circle, where rustic charm meets modern comfort in the hea...
- 3 Beds
- 4 Baths
- 10037484 MLS
- #1 ''Bear-Leigh Made It'' and #2 ''Ty'D Up Fishing Bldg.
- ACTIVE Status
Situated just minutes away from the vibrant heart of Raleigh, this quadruplex offers convenience and accessibility. Each of the four units features 2 bedrooms and 1 bathr...
- 2 Beds
- 1 Baths
- 10032521 MLS
- ACTIVE Status
Investor Opportunity in Prime Raleigh Location! Don't miss this incredible duplex inside the beltline in the heart of Raleigh! This well-maintained duplex offers two s...
- 4 Beds
- 4 Baths
- 10050777 MLS
- ACTIVE Status
INVESTOR ALERT!!! INVESTOR WALK THROUGH ONE DAY ONLY SEPT 12TH FROM 10:00-11:00. Call or text listing agent to register to view. 2 adjoined duplexes for sale!! Are you lo...
- 8 Beds
- 4 Baths
- 10050486 MLS
- ACTIVE Status
Step into a piece of history with this stunning homestead in the heart of historic Wendell. (Multi-generational, urban farming, or airbnb income producing, you decide. Th...
- 6 Beds
- 4 Baths
- 10037949 MLS
- ACTIVE Status
Fully rented brick quadplex, featuring four spacious 2-bedroom, 1-bathroom units, 3 of them with a yearly lease and 3 units rented month to month. Each designed for comfo...
- 8 Beds
- 4 Baths
- 10032372 MLS
- ACTIVE Status
Nestled in the heart of Raleigh, NC, this charming complex feels like a single-family home with three bedrooms and 2.5 bathrooms. Upon entering through the inviting front...
- 3 Beds
- 3 Baths
- 10040629 MLS
- ACTIVE Status
Nestled in the heart of Raleigh, NC, this charming complex feels like a single-family home with three bedrooms and 2.5 bathrooms. Upon entering through the inviting front...
- 3 Beds
- 3 Baths
- 10040630 MLS
- ACTIVE Status
INVESTMENT OPPORTUNITY!! Your chance to own a multifamily property triplex with multiple bedrooms and bathrooms. This property, formerly used as a family care home, is ...
- LP729652 MLS
- ACTIVE Status
Welcome to an exceptional investment opportunity in downtown Burlington, presenting 5-unit apartment building. This property seamlessly blends contemporary convenience wi...
- 10 Beds
- 10 Baths
- 10044566 MLS
- ACTIVE Status
Almost new duplex with good rental history just blocks away from downtown Zebulon. Each unit boasts a light filled 2,181 sqft with 3 bedroom, 2.5 baths and a spacious bo...
- 6 Beds
- 6 Baths
- 10029187 MLS
- ACTIVE Status
Discover a fantastic investment opportunity in the heart of Durham with this well-maintained four-plex located at 1733 Morehead Avenue. This property offers both charm an...
- 3 Beds
- 9 Baths
- 10046398 MLS
- ACTIVE Status
Newly Updated Duplex plus Large Shop with ensuite efficiency office. This incredible investment opportunity provides so many flexible options. *Town of Chapel Hill app...
- 5 Beds
- 3 Baths
- 10050843 MLS
- ACTIVE Status
Unique and historic 1926 duplex located in Duke Park - one of Durham's prime neighborhoods within walking distance to downtown. High ceilings, plaster walls, and quarter ...
- 6 Beds
- 2 Baths
- 10042889 MLS
- ACTIVE Status
SIX UNITS PRODUCING INCOME IN ONE OF THE BEST LOCATIONS IN THE TRIANGLE!!! Four 1/1 and Two 2/2. Contact agent for info on current leases and income. 100% rented as of...
- 8 Beds
- 8 Baths
- 10043757 MLS
- ACTIVE Status
Attention builders and investors! Fantastic opportunity to own two leased single family homes in Downtown Raleigh on adjacent lots! NO HOA! Currently 3bed/2bath and ...
- 5 Beds
- 3 Baths
- 10029914 MLS
- ACTIVE Status
EXCEPTIONAL INVESTMENT GEM! Embrace the allure of urban living with this captivating triplex nestled in the vibrant pulse of Downtown Raleigh! Boasting two distinct 2-bed...
- 5 Beds
- 3 Baths
- 10010930 MLS
- ACTIVE Status
Great Investment Opportunity! Quadraplex (4 townhome units) in Raleigh off Jones Franklin near I40. Each unit features kitchen, dining, living room, & 1/2 bath on main le...
- 2 Beds
- 3 Baths
- 10043835 MLS
- ACTIVE Status
Location, Location, Location! Ever dreamed of being a landlord? Maybe you want to develop a brand-new lifestyle option close to the popular downtown Cary location. So man...
- 2 Beds
- 2 Baths
- 10050509 MLS
- ACTIVE Status
Luxury living-Out of this world but not out of the way Efficient GEO THERMAL heat-Live large or rent lower level w/multiple options for use w/private 3 BRs +2 baths+2nd f...
- 4 Beds
- 4 Baths
- 10021516 MLS
- ACTIVE Status
errific investor opportunity, new construction side-by-side duplex with detached one bedroom ADU over two car garage. Conveniently located in central Durham, custom build...
- 7 Beds
- 3 Baths
- 10046285 MLS
- ACTIVE Status
Located in the thriving and family-friendly suburb of Garner, NC, this multi-family property at 110 & 112 Avery Street offers an exceptional investment with immediate cas...
- 15 Beds
- 9 Baths
- 10027620 MLS
- ACTIVE Status
Highest and Best use is probably not the current. Excellent opportunity for tear down and redevelopment. .34-acre lot. OX-3 zoning allows many possibilities
- 9 Beds
- 4 Baths
- 10035922 MLS
- ACTIVE Status
This Duplex is SOLD TOGETHER with 425 PEARCE AVE DUPLEX IN ADDITION TO 421 PEARCE AVE RANCH HOME (in Residential section of MLS) ALL OWNED BY SAME OWNERS & currently rent...
- 6 Beds
- 4 Baths
- 10051537 MLS
- ACTIVE Status
This Duplex is SOLD TOGETHER WITH 417 PEARCE AVE DUPLEX IN ADDITION TO 421 PEARCE AVE RANCH HOME (in Residential section of MLS) ALL OWNED by SAME OWNERS & currently rent...
- 6 Beds
- 4 Baths
- 10051555 MLS
- ACTIVE Status
Looking for a solid investment in a prime spot? Here it is! This mobile home park is nestled in Mebane, just minutes from I-40/85. The Stone St. Park offers fourteen l...
- 10041972 MLS
- ACTIVE Status
This sale is comprised of two Duplex buildings sharing one lot: 3809 Virginia St. and 3807 Thelma St. Zoned RX-4 with Transit Overlay District. Development options includ...
- 9 Beds
- 9 Baths
- 10048102 MLS
- ACTIVE Status
.9 Acres of redevelopment opportunity with road frontage to Western Boulevard and Chaney Road. Currently home to three fully occupied income-producing triplexes (9 Units ...
- 10 Beds
- 9 Baths
- 10030668 MLS
- ACTIVE Status
This stunning multi-generational home is nestled on a 3-acre wooded lot on a no-outlet street in Chapel Hill. Two homes in one with superior quality and meticulous crafts...
- 4 Beds
- 3 Baths
- 2539628 MLS
- ACTIVE Status
Looking for a solid investment in a prime spot? Here it is! This mobile home park is nestled in Mebane, just minutes from I-40/85. It features twenty-one lots with city w...
- 10041968 MLS
- ACTIVE Status
Welcome! This secluded ITB property features 8 Units in the quiet Kentwood Neighborhood. Nearby to NCSU and Meredith Campuses as well as a number of restaurants, ammeniti...
- 15 Beds
- 14 Baths
- 10027809 MLS
- ACTIVE Status
21 UNITS! Great investment opportunity. Buildings 4926,4932,4938,4948 Galveston Dr and 4941, 4943, 4945 Fieldcrest Dr, Fayetteville. All units occupied and interior cosme...
- LP725807 MLS
- ACTIVE Status
Extremely rare opportunity to own an upscale condo building in one of the most sought after areas in Durham. 1300 Broad consists of a 4 floor craftsman style buildin...
- 9 Beds
- 6 Baths
- 10049353 MLS
- Broad St Multiplex Bldg.
- ACTIVE Status
Income producing Duplex includes three adjacent vacant land lots: 3900, 3904, and 3910 Thelma St. The four contiguous parcels have a combined size of 1.75 +/- Acres. Zoni...
- 8 Beds
- 8 Baths
- 10047999 MLS
- ACTIVE Status
Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2024 Triangle MLS, Inc. of North Carolina. Data last updated .