Multi-Family Appraisal

What Makes Multi-Family Appraisals Unique

Multi-family appraisals differ from single-family and condo appraisals because they consider both:

• The physical real estate

• The property’s income-producing potential

Additional emphasis is placed on:

• Rental market trends

• Occupancy and tenant appeal

• Income stability

• Investment market demand

• Unit mix and functionality

What the Final Appraisal Report Includes

A multi-family appraisal report typically includes:

• Interior and exterior photos

• Rental and market analysis

• Comparable sales grid

• Income and rent analysis

• Site and neighborhood analysis

• Sketch and gross living area calculation

• Final opinion of market value

In short, a multi-family appraisal combines traditional market analysis with income-related considerations to determine the property’s overall market value and investment appeal.