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  • #44: Top Multifamily Investment Properties w/ HIGH Cap Rates – High Returns Await!

#44: Top Multifamily Investment Properties w/ HIGH Cap Rates – High Returns Await!

Discover unique multifamily and house hack opportunities in top U.S. markets, tailored for serious investors seeking growth and stability.

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Hello Investors,

Welcome to Dealsletter #44! We are sorry for the delay with getting the issues out recently. It has been hectic in the Real Estate world, plus add in the holidays. Nonetheless, we've brought you this issue with some amazing deals. Let's explore exciting multifamily investment opportunities in vibrant markets with strong cash flow and growth potential. Whether you're looking for turnkey properties or value-add options, this issue has something for every investor.

🏠 Share the Love: If you're enjoying the insights and deals, why not spread the word? Forward this newsletter to friends and fellow investors. Don't let them miss out on these golden opportunities!

🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.92%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.30%(FHA) interest rate. We do the math so you can focus on what matters – the deals!

👉🏼 Stay up to date: What’s the latest on mortgage rates?

📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.

This Weeks Deals 🏘️

  1. Multi-Family in San Francisco, CA

  2. Multi-Family in San Diego, CA

  3. Multi-Family in San Diego, CA

  4. Multi-Family in Las Vegas, NV

Multi-Family

Property: 132-136 6th St, San Francisco, CA
Price: $2,200,000
Units: 12 (Studio Apartments)
Cap Rate: 6.68%

Why This is a Great Investment 👉🏼 This 12-unit mixed-use property in San Francisco’s SOMA district offers a balanced portfolio of residential and commercial spaces. The residential studios have been recently remodeled with modern finishes, ensuring low maintenance for years to come. With a 6.68% cap rate, a completed seismic retrofit, and a vacant commercial unit ready for leasing, this property promises immediate cash flow and future upside potential.

The Stats (25% Down) 📝

  • Gross Rental Income: $260,772/year

  • Price Per Unit: $183,333

  • GRM: 8.4

  • Building Size: 6,750 SF

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House Hack

Property: 4609 E Mountain View Dr, San Diego, CA
Price: $1,269,000
Units: 3 (1 Bed/1 Bath + 2 Studios)
Cap Rate: 5.50%

Why This is a Great Investment 👉🏼 This triplex offers flexibility for owner-occupants and investors alike. Zoned R-3, the property includes a main house convertible into a 2-bed/2-bath or split with an attached studio ADU. Recent renovations and favorable zoning enhance its potential for future value appreciation, while its prime San Diego location ensures steady rental demand.

The Stats (25% Down) 📝

  • Gross Rental Income: $90,000/year

  • Price Per Unit: $423,000

  • GRM: 14.4

  • Building Size: 1,000 SF

Multi-Family

Property: 325 S 30th St, San Diego, CA
Price: $1,299,000
Units: 3 (1 Studio, 1 2-Bed/1-Bath, 1 3-Bed/1-Bath)
Cap Rate: 6.05%

Why This is a Great Investment 👉🏼 This recently renovated triplex boasts a 6.05% cap rate and offers approved plans for two additional ADUs, making it a high-growth investment. Located in an Opportunity Zone, it provides potential tax incentives alongside strong cash flow. Each unit features modern finishes, mini-split ACs, and spacious layouts.

The Stats (25% Down) 📝

  • Gross Rental Income: $102,000/year

  • Price Per Unit: $433,000

  • GRM: 12.27

  • Building Size: 1,666 SF

Multi-Family

Property: 911 E 23rd Ave (Cigar City Flats), Tampa, FL
Price: $1,175,000
Units: 9 (6 Studios, 3 x 1 Bed/1 Bath)

Why This is a Great Investment 👉🏼 Located in the coveted Tampa Heights neighborhood, Cigar City Flats offers a partially renovated, 9-unit complex with significant upside. With recent capex improvements such as new plumbing, electrical, and tankless water heaters, investors can enjoy reduced maintenance costs. Additional income potential exists through enhanced utility billbacks and parking fees.

The Stats (25% Down) 📝

  • Gross Rent: $150,300/year ($12,525/month)

  • Operating Expenses: ~$50,000/year (estimated)

  • Net Operating Income (NOI): ~$100,300/year (estimated)

  • Cash on Cash Return: High potential with value-add strategies

  • Cash Flow: STRONG

  • Cap Rate: 8.4%

What’s Brewing at Dealsletter ☕️

  • More House Hack Opportunities: With rising mortgage rates (Yay again), we’re focusing on properties that can offer creative financing and live-in investment options. Think duplexes, triplexes, and ADU potential properties where you can live in one unit and rent out the rest.

  • Spotlight on Emerging Markets: We’re expanding beyond California, keeping an eye on emerging cities that offer attractive cap rates and investor-friendly climates. We’ll highlight cities you might not have considered but are primed for growth.

  • Dealsletter Success Stories: Have you closed on a property or found value through Dealsletter? We want to hear about it! Send us your story for a chance to be featured in our community section.

  • Premium Version Coming Soon!
    Get ready for a premium option featuring in-depth investment metrics and exclusive content. More details, more value!

  • More Properties in Each Premium Issue
    Our premium version will offer more properties per issue, giving you a wider range of investment opportunities.

A Big Thank You! 🙌

We're immensely grateful for our early subscribers. Your trust and engagement are the fuel that drives Dealsletter. We promise to keep delivering top-notch real estate insights and deals.

Until next time,

The Dealsletter Team