Small multi-family dwellings in upstate New York and elsewhere sell at steep discounts (to single family) because no one wants them. Individual would-be owners do not want to deal with tenants in the other side. Thousands of these dwellings now go begging across places like NY, MA, PA, MI and OH.

In the Hamlin Park district (zip 14208) of downtown Buffalo, NY a comparison taken from Realtor.com of single families versus multi-families currently listed illustrates a 60% discount on a price per square foot.

Hamlin Park, NY SINGLE FAMILY				Hamlin Park, NY MULTI-FAMILY
list price	sq ft	$/s.f.		list price	sq ft	$/s.f.
$9,900	1,636	$6.05	3 Bed, 2 Bath	$10,000	1,628	$6.14	2 Units
$12,900	1,148	$11.24	3 Bed, 1 Bath	$12,000	2,507	$4.79	2 Units
$14,900	1,440	$10.35	3 Bed, 1 Bath	$13,000	1,739	$7.48	2 Units
$17,000	1,378	$12.34	4 Bed, 1.5 Bath	$14,900	2,220	$6.71	2 Units
$22,900	1,791	$12.79	3 Bed, 1 Bath	$14,900	2,125	$7.01	2 Units
$26,900	1,543	$17.43	3 Bed, 1.5 Bath	$17,999	2,288	$7.87	2 Units
$30,000	1,488	$20.16	4 Bed, 1 Bath	$19,900	3,879	$5.13	2 Units
$35,000	1,753	$19.97	3 Bed, 2.5 Bath	$19,900	2,040	$9.75	2 Units
$37,500	1,696	$22.11	3 Bed, 1 Bath	$22,000	2,352	$9.35	2 Units
$39,900	1,546	$25.81	4 Bed, 1.5 Bath	$24,900	2,510	$9.92	2 Units
$45,900	2,168	$21.17	4 Bed, 2 Bath	$29,900	2,952	$10.13	2 Units
$49,995	1,100	$45.45	3 Bed, 1.5 Bath	$29,900	2,380	$12.56	2 Units
$55,000	1,100	$50.00	3 Bed, 1.5 Bath	$39,900	2,657	$15.02	1 Units
$58,000	2,009	$28.87	4 Bed, 1.5 Bath	$39,900	2,004	$19.91	2 Units
$79,900	1,400	$57.07	4 Bed, 2.5 Bath	$41,900	2,592	$16.17	2 Units
$79,900	1,759	$45.42	5 Bed, 2 Bath	$49,000	3,046	$16.09	2 Units
$85,500	1,114	$76.75	3 Bed, 1.5 Bath	$49,900	2,244	$22.24	2 Units
$88,000	2,050	$42.93	4 Bed, 1 Bath	$54,900	5,102	$10.76	4 Units
$109,900	1,498	$73.36	3 Bed, 1.5 Bath	$64,900	1,832	$35.43	2 Units
				$86,000	2,784	$30.89	2 Units
$47,316	1,559	$31.54	AV	$32,785	2,544	$13.17	AV

The same product in the same neighborhood is selling 60% less simply because would-be owners do not want to deal with tenant management issues.