(Closed) Buying next to a 3-unit rental property?

posted 4 years ago in Home
Post # 2
9139 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

nightcheese:  It really depends.  Drive by a few more times during different times of the day and night (even better this weekend you can see what it’s like on a major holiday weekend to see if they throw parties.)  Observe what kinds of renters they are (are they young college kids or young professionals or older people with kids or seniors?)  Are you close to a college or hospital (i.e. would you expect students or interns as renters?)  You won’t be guaranteed that your renters will always be the same but it will give you an idea of what to expect.

We rent a unit in a quadplex which is surrounded by single family residences.  We’re definitely on the quiet side even though there are college kids in two of the other units (the fourth unit is another young professional like myself.)  There are a lot of comings and goings late at night, especially on the weekends because we live within walking distance of the downtown bar district.  Maybe once every few months residents or their guests are loud and rude but it’s nowhere near as bad as when I lived in a regular apartment complex.

Post # 3
46667 posts
Honey Beekeeper
  • Wedding: November 1999

Good advice from the pp. Go at night several times . Any property can be quiet in the day time when people are at work.

Post # 5
213 posts
Helper bee
  • Wedding: July 2014

I would also recommend googling the address next door and trying to find an old listing for the rental units on a site like Zillow. Knowing how expensive the units rent for can give you a better idea of who might be renting (college students tend to go cheaper, families who are established may be able to spend more, etc)

The topic ‘Buying next to a 3-unit rental property?’ is closed to new replies.

Find Amazing Vendors