Buying a Multifamily in North Jersey
Most of my buyers are looking at 2-4 family homes, either to live in one unit or as a rental. I own multifamily myself, so I look at these deals the way an investor does: rents, leases, taxes and what it really costs to own.
What I check before you make an offer
Most multifamily problems show up in the paperwork, not the photos.
Legal unit count
Does the town's certificate of occupancy and tax record match what's being sold?
Rent roll and leases
Current rents, lease end dates and security deposits that transfer at closing.
Utilities
Separate meters, or one bill the owner pays?
Big-ticket items
Roof, boilers, oil tanks, and lead paint disclosures on pre-1978 homes.
An agent who owns multifamily
I've bought, rented and managed my own, and my clients are buying them too.
I own multifamily
I house hacked my way in and bought a multifamily through a loan assumption, so I look at every deal like an investor.
Off-market 4-family
A client bought an off-market 4-family with instant equity.
8-bedroom in Elizabeth
Another client closed on an 8-bedroom multifamily in Elizabeth in 2026 for $685k.
Rent control
Some North Jersey cities limit rent increases. Know the rules before you offer.
How to finance a North Jersey multifamily
Your down payment depends on whether you'll live there.
FHA 2-4 unit
3.5% down when you live in one of the units.
Conventional
As little as 5% down if you live there. Pure investment purchases usually need 15-25% down.
Creative financing
Seller financing or taking over a seller's low-rate mortgage can make a deal work at today's rates.
Looking at a multifamily?
Book a 30-minute call and we'll go through the numbers.