Owning a 4, 6, 8, or 12-unit building was supposed to be an investment — not a second job. If you're tired of chasing repairs, fielding maintenance calls, and finding (or replacing) tenants, we buy occupied or vacant multi-unit properties directly, as-is, so you can step away from the responsibility on your own timeline.
A lot of owners we talk to are simply worn out — not from one bad year, but from the accumulation of small things.
Roofs, HVAC, plumbing, and code items don't wait for a convenient time. Multi-unit buildings mean multiple systems, multiplied — and deferred maintenance only gets more expensive the longer it sits.
Screening applicants, chasing late rent, handling move-outs, and turning units between tenants is a full-time responsibility most owners didn't sign up for long-term.
Whether you're retiring, consolidating your holdings, or inherited the building and never wanted to run it, it's completely reasonable to decide this isn't the chapter you want anymore.
For context, here's what bringing a small multifamily building up to a competitive standard typically runs — before financing, permits, or the income lost while units sit vacant during the work.
| Building size | Light cosmetic refresh | Full renovation | Gut renovation |
|---|---|---|---|
| 4 units | $32,000 – $60,000 | $100,000 – $180,000 | $200,000 – $360,000 |
| 6 units | $48,000 – $90,000 | $150,000 – $270,000 | $300,000 – $540,000 |
| 12 units | $96,000 – $180,000 | $300,000 – $540,000 | $600,000 – $1,080,000 |
Estimates based on typical per-unit ranges of roughly $8,000–$15,000 (paint, flooring, fixtures), $25,000–$45,000 (kitchens, baths, mechanical updates), and $50,000–$90,000+ (layout changes and major system replacement) for small multifamily properties. Actual costs vary by market and scope, and building-wide items like roofing or a shared HVAC system are often extra, regardless of unit count.
Listing an occupied or repair-heavy multi-unit building usually means:
I'm Phil Castaneda. I buy multi-unit properties directly, in whatever condition and occupancy status they're in, so owners don't have to prep, repair, or market a building before they can move on from it. I do the walkthrough myself, I hand you the offer, and I'm at the table when we close.
I also own Cast Contracting, a general contracting company here in the St. Louis area. My own crew handles whatever renovation the building needs after closing, which is why I don't need to lowball for unknowns the way a buyer without a crew often does.
Five minutes, no obligation. As much or as little detail as you're comfortable sharing.
