Multi Family Investment Properties for Sale in Springfield, IL
484- 3 Bed
- 2 Bath
- 1800 sft
529- 5 Bed
- 3 Bath
- 2843 sft
450- 4 Bed
- 2 Bath
- 2237 sft
569- 2 Bed
- 2 Bath
- 1294 sft
Why Invest in Springfield, Illinois?
Springfield, IL offers strong opportunities in **multi-family** investments with steady demand from government workers and stable rental market. Average rents around $1,100 support solid cash flows while cap rates hover at 7-8%. Recent appreciation of 5-6% annually combined with 35% renter occupancy creates reliable returns. Low vacancy and quick turnover make multi-family properties resilient investments here. State capital status ensures consistent employment driving long-term tenant stability.
Frequently Asked Questions
State government provides 25,000 steady jobs ensuring reliable tenant demand. Low 5% vacancy rates and 5.7% rent growth support consistent cash flow. Multi-family properties benefit from 7-8% cap rates in this capital city market.
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