Triplex

A Triplex Appraisal is a professional valuation of a three-unit residential property. The appraiser evaluates each unit’s size, condition, features, and rental income potential, as well as the overall property and its location. The appraisal typically uses both the income approach (to assess rental revenue) and the sales comparison approach (to analyze recent sales of similar three-unit properties) to determine an accurate market value for financing, investment, or tax purposes.