Multi-Family Homes For Sale in Palm Springs, CA

Thinking about a multi-family home in Palm Springs? These properties give you flexibility - live in one unit and rent out the others, or rent every unit and keep the income flowing. Duplexes, triplexes, fourplexes, and small apartment buildings are all part of the mix, and active MLS listings include details like unit layouts, square footage, and lot size so you can size up a property quickly.

Palm Springs real estate includes a steady stream of multi-family opportunities alongside single-family listings. Our live feed from the local MLS refreshes constantly, so you’ll see new listings and open houses the moment they’re available.

Palm Springs CA Multi-Family Homes For Sale

Listings are subject to the Fair Housing Act and local MLS rules.

Why Choose a Multi-Family Home in Palm Springs?

Multi-family properties let you turn ownership into income. You can live in one unit and offset your mortgage with rent from the others, or treat the whole building as an investment.

Palm Springs has steady demand for long-term rentals thanks to tourism and a strong local job base. That demand helps keep units filled, while appreciation builds value over time.

It’s a practical way to grow a portfolio and still enjoy life in a desert city with year-round sunshine and a strong rental market.

Palm Springs Multi-Family Homes Market Insights

The multi-family market is tight, with well-priced properties moving quickly. When a solid building hits the market, it’s smart to have financing lined up so you can schedule a showing and make an offer without delay.

• Property Pricing: Duplexes often start in the $750K–$900K range, with larger buildings running $1.5M+.

• Average Days on Market: Often under 60 days, with multiple offers on well-priced properties.

• Inventory: Available supply is extremely limited.

• Key Investment Metric: Cap rates for stabilized properties usually fall between 4.5% and 5.5%.

If you’re shopping in this segment, speed and preparation matter. Cap rates and rent rolls tell the story, so review the numbers quickly and know your limits before you tour. Long-term rentals are the main play here since short-term permits aren’t available for multi-unit buildings. When you see the right fit, move fast; if a property lingers and takes a price cut, that can be your chance to negotiate stronger terms.

Palm Springs Multi-Family Homes Buyer FAQs

Can I use a multi-family property for short-term vacation rentals in Palm Springs?

Not typically. The city’s rules restrict short-term rentals to single-family homes. Multi-family buildings are best viewed as long-term rental investments.

How is financing different for a multi-family home versus a single-family home?

Lenders usually want a larger down payment—often 20–25% or more—and the rates can be a bit higher than a primary residence loan. It helps to work with a lender who specializes in multi-unit properties.

Are multi-family properties in Palm Springs on leased land?

Some are. You’ll want to review whether the land is fee simple or leased since that lease payment can affect your overall expenses.

What is a cap rate and why does it matter?

The cap rate is the property’s net operating income divided by its purchase price. It’s a quick way to judge income potential and compare one property against another.

Which Palm Springs neighborhoods have the most multi-family properties?

Neighborhoods like Warm Sands, the Historic Tennis Club, Movie Colony East, and Racquet Club Estates have the highest concentration of duplexes, triplexes, and small apartment buildings. These areas stay popular with long-term renters.