Multi Family Investment Properties for Sale in Peoria, IL
495- 4 Bed
- 4 Bath
- 2240 sft
347- 6 Bed
- 4 Bath
- 3410 sft
475- - Bed
- 3 Bath
- 1396 sft
205- 2 Bed
- 2 Bath
- 1272 sft
Why Invest in Peoria, Illinois?
Multi-family properties in Peoria, IL offer strong investment potential with steady appreciation and reliable rental demand. Average home values rose nearly 8% year-over-year, supporting solid cap rates around 7-8%. Renter-occupied housing exceeds 40%, driven by stable employment and affordable entry prices under $160K median. Cash flow averages $300-500 monthly per unit, bolstered by 3-5% rental growth. Low vacancy and modest supply growth make it ideal for long-term holds.
Frequently Asked Questions
Peoria offers 7-8% cap rates and 8% appreciation with strong renter occupancy over 40%. Affordable entry at $127K average home values supports positive cash flow. Stable job market from Caterpillar and healthcare anchors demand.
Find Your Perfect Investment Property in Peoria, Illinois
Explore investment opportunities by strategy, performance, or property type
