Multifamily Real Estate for Sale

Multifamily real estate in Alberta is one of the province’s most stable and profitable investment classes. From Calgary and Edmonton to Red Deer and Lethbridge, multifamily properties—including duplexes, fourplexes, apartment complexes, and mixed-use buildings—offer steady rental income, strong appreciation, and flexible financing options through CMHC and MLI Select programs. Alberta’s population growth, landlord-friendly legislation, and expanding job market continue to drive high occupancy and rising demand for professionally managed rental housing across all price segments.

Investing in multifamily real estate isn’t just about purchasing a property—it’s about building long-term wealth in a sector known for its resilience and income stability. Alberta’s strong market fundamentals, growing population, and investor-friendly policies make it an ideal environment for both new and seasoned investors. Whether you’re looking to acquire an existing apartment building, add a fourplex to your portfolio, or explore value-add opportunities, multifamily assets in Alberta continue to deliver solid returns and reliable cash flow potential.

All multifamily listings below are updated directly from the MLS® in real time, so you can explore the latest apartment buildings, fourplexes, and income properties as soon as they hit the market. Use the filters to analyze cap rates, compare locations, and save custom searches for future opportunities. You can also request detailed financials or schedule private tours to gain deeper insights into each property. Our experienced team provides the local market knowledge, data-driven analysis, and strategic guidance you need to make confident, well-informed investment decisions.

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📞 Call (587) 719-5523 or Get in touch today to schedule a private tour, discuss your investment goals, or request personalized advice on Alberta multifamily real estate opportunities.

Multifamily Real Estate for Sale - Listings

Multifamily Real Estate for Sale

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  • 4920 52 Avenue in Grimshaw: 4 plex for sale : MLS®# GP202357

    4920 52 Avenue Grimshaw T0H 1W0
    Main Photo: 4920 52 Avenue in Grimshaw: 4 plex for sale : MLS®# GP202357

    4920 52 Avenue Grimshaw T0H 1W0

    $600,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    GP202357
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    3,690 sq. ft.
    Investor Alert... This fourplex in Grimshaw is for sale. All 4 units have tenants. The Two outside units have a single attached garage, 1 bedroom, den, 1 full bath, and modern kitchen with open concept living room. The inside units have no garages, 2 bedrooms, larger outdoor yard space, 2 full baths, modern kitchen with open concept living area. Currently all four units are owned by the builder and rented out. Rent is $1100.00 per month plus power, gas, telephone, television, tenants insurance and internet. Currently the Owner/Condo Corporation mows the grass, removes snow, garbage and pays water and sewer. All four units are rented and typically suit a senior tenant or couple. Call today to see this immaculate building. Great Location close to downtown so very convenient for tenants. This is the perfect senior option. Virtual tour of the 3rd unit (2nd form the East end) is now available. See the media section to view! More details
    Listed by RE/MAX Northern Realty
    LISTING DETAILS
    Mohit Dhilon

  • 5015 7 Avenue: Edson 4 plex for sale : MLS®# A2123708

    5015 7 Avenue Edson Edson T7E 1N7
    Main Photo: 5015 7 Avenue: Edson 4 plex for sale : MLS®# A2123708

    5015 7 Avenue Edson T7E 1N7 Edson

    $417,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2123708
    Floor Area:
    2,321 sq. ft.
    Calling all investors! This centrally located 4 Plex is close to the medical center, shopping and restaurants. This property features four 1 bedroom, 1 bathroom units with in suite laundry. Plenty of off street parking. More details
    Listed by ROYAL LEPAGE EDSON REAL ESTATE
    LISTING DETAILS
    Mohit Dhilon

  • 7A/7B Pembina in Rainbow Lake: Full Duplex for sale : MLS®# A2191174

    7A/7B Pembina Rainbow Lake T0H 2N0
    Main Photo: 7A/7B Pembina in Rainbow Lake: Full Duplex for sale : MLS®# A2191174

    7A/7B Pembina Rainbow Lake T0H 2N0

    $249,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2191174
    Floor Area:
    1,150 sq. ft.
    THE INVESTMENT YOU HAVE BEEN LOOKING FOR, JUST BECAME AVAILABLE!! 3 Bdms, 2 full baths in EACH side just for starters. Now lets talk about this in more detail. The Great Room design of this home, offers the full benefits of being able to spend time with your family and friends with out that irritating wall, blocking your sight of them. The kitchen island not only adds additional prep space but offers a great eat up breakfast bar, allowing you to have additional guests for dinner. The large picture window overlooks the quiet street allowing sunshine to fill the main floor. 2 bedrooms & FULL BATH complete the main floor. The lower level features a very large, fantastic family room, where you are sure to enjoy many hours of family fun or just relaxing, watching a move. A full bath, bedroom & laundry area complete the lower level. A short walk to shopping & schools, makes this a perfect family home. At the end of the day, you have the luxury of going for a relaxing walk through nature as there is nothing but nature behind you or,,,, you can relax in the fenced yard with your family and friends. FOR YOUR PEACE OF MIND? SHINGLES WERE REPLACED LAST YEAR, SOME NEW FLOORING WAS JUST BEEN INSTALLED AND..... RECENTLY REPAINTED. IT'S TRUILY A MAGNIFICENT PROPERTY, IN AMAZING CONDITION. If you're a first time home owner, why not let someone else pay your mortgage? You live in one side and rent the other. More details
    Listed by Century 21 Prime Realty (2002) Ltd.
    LISTING DETAILS
    Mohit Dhilon

  • 4718 College Avenue in Lacombe: College Heights 4 plex for sale : MLS®# A2213994

    4718 College Avenue College Heights Lacombe T4L 1Z1
    Main Photo: 4718 College Avenue in Lacombe: College Heights 4 plex for sale : MLS®# A2213994

    4718 College Avenue Lacombe T4L 1Z1 College Heights

    $669,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2213994
    Floor Area:
    3,527 sq. ft.
    This exceptional 4-plex is ideally located just steps from the university in one of Lacombe’s most desirable neighborhoods. With a solid rental history, thoughtful updates, and a unique layout, this property offers incredible flexibility—whether you’re a seasoned investor looking for strong cash flow or a young family hoping to offset homeownership costs with rental income. Unit 1, the standout of the complex, is a spacious 3-bedroom, 2.5-bathroom home featuring an attached single garage, gas fireplace, large mud/laundry room with sink, jacuzzi tub, and updated carpet. Perfect for an owner-occupier, this unit provides the comfort and amenities of a single-family home with the added bonus of rental income from the three additional suites. Units 2, 3, and 4 offer a mix of functional layouts, including loft-style bedrooms and open floorplans, with shared access to a laundry area and large storage room. Updates include newer windows, modernized bathrooms, and forced-air or hot water baseboard heating. Unit 3 has new carpet in living room and primary bedroom. Unit 4 also includes its own attached garage and units 2 and 3 share the double car detached garage. Additional revenue comes from a separately rented motorhome garage. The building has been well cared for, with new siding and shingles completed approx. 7 years ago and updated electrical in the detached garage just two years ago. This property is a rare opportunity to own a high-performing asset with lifestyle flexibility. Whether you’re investing or looking to live in your investment—this 4-plex delivers. More details
    Listed by RE/MAX real estate central alberta
    LISTING DETAILS
    Mohit Dhilon

  • 1-19 (no 3 or 13) 4940 49 Street in Rocky Mountain House: Rocky Mtn House Apartment for sale : MLS®# A2234841

    1-19 (no 3 or 13) 4940 49 Street Rocky Mtn House Rocky Mountain House T4T 1B6
    Main Photo: 1-19 (no 3 or 13) 4940 49 Street in Rocky Mountain House: Rocky Mtn House Apartment for sale : MLS®# A2234841

    1-19 (no 3 or 13) 4940 49 Street Rocky Mountain House T4T 1B6 Rocky Mtn House

    $2,490,777
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2234841
    Floor Area:
    6,801 sq. ft.
    Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain House Don’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use. Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. More details
    Listed by Realty Executives Alberta Elite
    LISTING DETAILS
    Mohit Dhilon

  • 4906-4914 49 Street in Berwyn: Row/Townhouse for sale : MLS®# A2236427

    4906-4914 49 Street Berwyn T0H 0E0
    Main Photo: 4906-4914 49 Street in Berwyn: Row/Townhouse for sale : MLS®# A2236427

    4906-4914 49 Street Berwyn T0H 0E0

    $399,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236427
    Floor Area:
    4,320 sq. ft.
    Great investment property that is highly desired in the current rental market - 4 units at less then $110,000 a door and at an attractive rental rate of $1000 per door. The units have their own services and are complete with 3 bedroom ranging from 14 X 8 to 12 X 10, a 4 piece and a 2 piece bathroom, a large basement area that is unfinished and contains mechanical and laundry. Each unit has its own front and rear porch, rear yard that is fenced with chain link and is approx 18 X 50 for the two interior units, 24 X 50 for the north unit and 38 X 50 for the south unit. There is a gravel parking pad at the front of each unit and capable of holding two smaller vehicles. the units are easy to rent and the building is currently full so if you hear the investment market calling out to you then this is a prime opportunity to add to your current portfolio or begin with your first. The sign is up!! Call today!! More details
    Listed by Century 21 Town and Country Realty
    LISTING DETAILS
    Mohit Dhilon

  • 10120 103 Avenue in Grande Prairie: Avondale 4 plex for sale : MLS®# A2236685

    10120 103 Avenue Avondale Grande Prairie T8V 1C1
    Main Photo: 10120 103 Avenue in Grande Prairie: Avondale 4 plex for sale : MLS®# A2236685

    10120 103 Avenue Grande Prairie T8V 1C1 Avondale

    $439,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236685
    Floor Area:
    1,462 sq. ft.
    4Plex - 4 Renters $4300 Total Rent - 4 Power meters! Incredible Opportunity to own a 4 plex for 450k, that’s only 113k per door and to sweeten the deal its fully rented and cash flowing! This unique 4plex conversion has an Upper 3 bedroom space, two 1 bedroom basement suites a 2 story LOFT Suite! This Place has amazing parking with a front driveway and a massive gravel parking pad in the back, which is accessed through the alley. "A" basement suite is paying 800 per month, B basement suite is paying $900 per month, loft suite is paying $1100 per month and the Main floor is paying $1500 per month, tenants pay their own electricity, cable , telephone and tenant insurance. Owner pays water/sewer/garbage. There is a common area laundry room with coin operated washer and dryer that produces additional income of $100-$200 per month. Invest and rent? Create 4 Air BnB’s ? Or move into one of the suites and retire and let the other 3 tenants pay your mortgage! The side hustle options for the place are endless! (inside photos from when vacant in the past) More details
    Listed by Sutton Group Grande Prairie Professionals
    LISTING DETAILS
    Mohit Dhilon

  • 822, 826, 830, 834 Wolf Willow Boulevard SE in Calgary: Wolf Willow 4 plex for sale : MLS®# A2236628

    822, 826, 830, 834 Wolf Willow Boulevard SE Wolf Willow Calgary T2X 5R5
    Main Photo: 822, 826, 830, 834 Wolf Willow Boulevard SE in Calgary: Wolf Willow 4 plex for sale : MLS®# A2236628

    822, 826, 830, 834 Wolf Willow Boulevard SE Calgary T2X 5R5 Wolf Willow

    $3,399,888
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236628
    Floor Area:
    6,352 sq. ft.
    MLI SELECT PROGRAM COMPLIANT | 8 UNITS | SHANE BUILT HOMES | 4 DOUBLE CAR GARAGES | ALL OF THE UNITS TENANTED ALREADY | 2 FULL DUPLEXES BESIDE EACH OTHER | 20 BEDROOMS & 16 BATH | Exceptionally rare opportunity to acquire four consecutive lots featuring two brand-new FULL duplexes, each with legal basement suites—for a total of 8 fully self-contained units. The owners bought these units through the MLI Select Program. The CMHC financing might be transferable (pending approval). Some of the units are already rented out. Located in the rapidly growing and nature-rich community of Wolf Willow, these turnkey properties offer an incredible investment opportunity with strong monthly cash flow potential. Each upper unit is thoughtfully designed with 3 spacious bedrooms, 2.5 bathrooms, a large family room, bonus room, and full-sized laundry. The kitchens feature quartz countertops, stainless steel appliances, and open to generous dining areas, mudrooms, and convenient half baths. Upstairs, the primary bedrooms offer walk-in closets and beautiful ensuites, while two additional bedrooms and a full bath complete the functional layout. The legal basement suites provide two bedrooms (one with a walk-in closet), full kitchens, spacious rec rooms, 4-piece bathrooms, laundry areas, utility rooms, and extra storage—each with a private entrance. Detached garages are included with each unit, enhancing tenant appeal and convenience. Each unit is separately metered. Nestled beside the scenic Bow River, Wolf Willow is known for its parks, walking trails, and peaceful natural surroundings, with easy access to Stoney Trail, Deerfoot Trail, and nearby amenities. This is a turn-key, high-cashflow property ideal for investors seeking stable returns and long-term value in a thriving Calgary community. More details
    Listed by Real Broker
    LISTING DETAILS
    Mohit Dhilon

  • 1832 17 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2236306

    1832 17 Avenue NW Capitol Hill Calgary T2M 0S2
    Main Photo: 1832 17 Avenue NW in Calgary: Capitol Hill 4 plex for sale : MLS®# A2236306

    1832 17 Avenue NW Calgary T2M 0S2 Capitol Hill

    $3,150,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2236306
    Floor Area:
    4,462 sq. ft.
    Enhance your real estate portfolio with this premier new construction rental development in Capitol Hill, one of Calgary’s most desirable inner-city communities. Scheduled for completion in the end of 2026, this purpose-built investment property consists of two buildings featuring a total of eight rental suites. Each building includes a spacious upper unit with three bedrooms and 2.5 bathrooms, as well as a well-appointed lower unit offering one bedroom with kitchen and full bathroom. A four-car detached garage with lane access provides added convenience and tenant appeal. Strategically located near downtown Calgary, 17th Avenue, parks, transit, and shopping, the property is ideally positioned to attract quality tenants and command above-average rents. Investors will appreciate the thoughtful design, superior construction, and long-term rental potential of these townhomes.The development is distinguished by its low-maintenance Hardy board exterior, high-efficiency HVAC systems, and durable finishes throughout—ensuring reduced operating costs and long-term durability. These modern, well-designed units are tailor-made for consistent cash flow and minimal upkeep. With estimated rents of $2,850 for upper suites and $1,450 for lower units Whether you're a seasoned investor or looking to diversify your holdings, this exceptional income-generating property offers the perfect blend of location, quality, and financial performance. For more information, contact us and take the next step toward securing a high-performing asset in Calgary’s thriving rental market. More details
    Listed by CIR Realty
    LISTING DETAILS
    Mohit Dhilon

  • 2311 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2251364

    2311 16 Street SW Bankview Calgary T2T 4E6
    Main Photo: 2311 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2251364

    2311 16 Street SW Calgary T2T 4E6 Bankview

    $1,249,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251364
    Floor Area:
    1,855 sq. ft.
    For more information, please click the "More Information" button. Seize the opportunity to own a fully tenanted multifamily fourplex in one of Calgary’s most desirable inner-city communities. This well-maintained property consists of two self-contained units, both fully leased, generating a combined rental income of $7,450 per month. Offering reliable cash flow from day one, this turnkey investment combines immediate returns with excellent long-term appreciation potential. Located in the vibrant Bankview neighbourhood, just minutes from downtown Calgary, the property provides exceptional convenience for tenants. Its prime inner-city location ensures quick commutes, excellent transit access, and close proximity to some of the city’s most popular lifestyle hubs, including Kensington, 17th Avenue SW, and Marda Loop. Bankview is known for its elevated city views, character-filled streets, and walkable community feel, making it a highly sought-after area for renters. The location offers quick access to major commuter routes, public transit, and a wealth of shopping, dining, and recreational amenities. More details
    Listed by Easy List Realty
    LISTING DETAILS
    Mohit Dhilon

  • 6815 5 Street SW in Calgary: Kingsland 4 plex for sale : MLS®# A2251817

    6815 5 Street SW Kingsland Calgary T2V 1A9
    Main Photo: 6815 5 Street SW in Calgary: Kingsland 4 plex for sale : MLS®# A2251817

    6815 5 Street SW Calgary T2V 1A9 Kingsland

    $3,199,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2251817
    Floor Area:
    4,998 sq. ft.
    Massive 4plex for with 4 Legal Suites in the basement of each unit! Thats 8 total units for rent complete with 4 Garages making this a superior rental property. The basements have access to their own private entrances! Beautiful design and modern finishes make this one of the best looking 4 plexes in Calgary. City center location means its minutes to Rocky view Hospital, close to downtown, near Mount Royal University and right beside Chinook Center. Providing prime rentals to students, hospital staff and downtown professionals. Upper units come complete with 2 bathrooms, 3 bedrooms, living, dining rooms and large kitchens. The basements are impressive as well, their own separate entrance, TWO bedrooms, single bathroom and spacious living room with kitchen complete with 9 foot ceilings. This 8-unit property (4 townhomes each with a legal suite) may qualify for CMHC’s MLI Select program, which can offer financing with down payments starting as low as 5% and extended amortizations. Eligibility and terms subject to lender and CMHC approval. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS
    Mohit Dhilon

  • 214 2 Avenue E in Hanna: 4 plex for sale : MLS®# A2253450

    214 2 Avenue E Hanna T0J 1P0
    Main Photo: 214 2 Avenue E in Hanna: 4 plex for sale : MLS®# A2253450

    214 2 Avenue E Hanna T0J 1P0

    $239,900
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2253450
    Floor Area:
    1,571 sq. ft.
    Calling All Investors! Don’t miss this excellent opportunity to own a fully rented 4-plex in Hanna, AB. This solid income-generating property offers steady rental revenue and long-term tenants who treat the units like home. Each unit features 1 bedroom, a full bathroom, a comfortable living room, and a functional kitchen with a separate dining area. The two upper-level units also boast private side balconies, perfect for added outdoor space. Appliances, including fridge and stove, are included with each unit, and a newer shared washer and dryer is available in the common laundry area for tenant use. The property has seen thoughtful updates over the years, including flooring, some appliances, and upgrades in bathrooms and kitchens. Designated parking is available for each unit, and the building’s location is just steps from Hanna’s downtown core—making it convenient for tenants and ensuring continued rental demand. Currently bringing in $3,500/month in rental income, with tenants responsible for their own electricity and internet, this 4-plex is a true turn-key investment. With no difficulty filling vacancies and reliable long-term renters already in place, this property offers peace of mind and excellent cash flow. Location, income, and potential—this investment has it all! Don’t wait—contact your realtor today to learn more. More details
    Listed by eXp Realty
    LISTING DETAILS
    Mohit Dhilon
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Data was last updated February 27, 2026 at 10:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Multi Family Apartment Building Aerial

Explore Multi-Family today

Investors are increasingly turning to Alberta’s multifamily market to build long-term wealth and generate consistent monthly cash flow. Whether you’re seeking stabilized income assets or value-add redevelopment opportunities, Alberta’s diverse regions cater to every strategy. Calgary and Edmonton lead in scale and liquidity, while smaller centres such as Airdrie, Lethbridge, Grande Prairie, and Fort McMurray offer higher cap rates and affordable entry points.

For hands-on investors, Alberta’s light regulation and low taxes make property ownership straightforward. For institutional buyers, the province’s steady in-migration and undersupplied rental inventory create compelling fundamentals for large-scale acquisitions.

Multifamily Housing Market

The Alberta multifamily market has shown remarkable resilience, supported by rising population, job creation, and renewed confidence in the energy and tech sectors. Vacancy rates across major cities remain low—often under 3%—and rental rates have steadily increased over the past several years. New construction activity continues, yet demand still outpaces supply, particularly in purpose-built rental buildings.

Cap rates in Alberta’s major metros typically range between 4.5% and 6%, depending on age, condition, and tenant mix. Financing options such as CMHC-insured loans and MLI Select provide attractive leverage and long amortization periods, making Alberta a prime choice for investors focused on both stability and growth.

WHY INVEST MULTIFAMILY

Multifamily real estate refers to residential properties containing multiple rentable units under one ownership. Unlike single-family homes, multifamily investments create multiple income streams from a single asset, improving financial stability and scalability.

Investing in Alberta multifamily property offers unique advantages: low vacancy rates, steady population growth, business-friendly taxation, and a strong energy-backed economy. Demand for rental housing continues to climb as more residents move to Alberta for employment and affordability. With diverse opportunities ranging from small multiplexes to institutional-grade complexes, Alberta remains one of Canada’s most promising markets for multifamily investment success.

FAQ's

What qualifies as a multifamily property in Alberta?
Any residential property with two or more self-contained units—such as duplexes, triplexes, fourplexes, or apartment buildings—falls under the multifamily category.

Where are the best places to invest in multifamily in Alberta?
Calgary and Edmonton remain top choices for liquidity and long-term appreciation, while Red Deer, Lethbridge, and Grande Prairie offer higher yields and growth potential.

What are current cap rates for Alberta multifamily?
Cap rates range from 4.5% in prime Calgary and Edmonton locations to over 6% in smaller secondary markets.

Is financing available for new investors?
Yes. CMHC and MLI Select programs provide favourable terms for qualified buyers, including high loan-to-value ratios and extended amortizations.

What are the benefits of owning multifamily versus single-family rentals?
Multifamily assets spread risk across multiple tenants, offer economies of scale, and provide stronger cash flow stability during market fluctuations.

How is Alberta’s landlord legislation compared to other provinces?
Alberta maintains one of the most landlord-friendly frameworks in Canada, allowing fair eviction processes and market-driven rent adjustments.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.