Apartment

An Apartment (5+ Unit) Appraisal is a valuation of a multi-family residential property with five or more rental units. This type of appraisal assesses the property’s market value based on its income-producing potential, physical condition, location, and comparable sales of similar multi-unit buildings. The appraiser typically analyzes the property’s rental income, operating expenses, occupancy rates, and capitalization rate to determine its value using the income approach, along with support from sales and cost approaches when applicable.