Submetering - Average Cost per Unit?

Question

Currently looking at a 30-unit property. It was built in the 50's and the owner pays water, gas, electric for the property. Does anyone have a general idea of what it would cost to submeter one or all of the utilities? What has or hasn't worked for you?

Jedd Braunwarth · Answer

@Rich Jordan The pricing is going to be all over the board depending on what company you go with, types of meters available, if your plumbing is separated already or if it needs to be (depending on company or meter type). On my end pricing is going to be more in the $100 per unit range if plumbing is already separated and $300 per unit range if plumbing is not separated. Do you know how the plumbing runs in the 30 unit? Does each unit have it's own hot water heater?

I can only speak for water as I do not know pricing for gas or electric as of today.

@Benjamin Seibert did you quote include separating plumbing? Was that from the local municipality or a submetering company?

I can only speak for water as I do not know pricing for gas or electric as of today.

@Benjamin Seibert did you quote include separating plumbing? Was that from the local municipality or a submetering company?

Benjamin Seibert · Answer

@Jedd Braunwarth this was only for submetering electric. In my area tenants are usually only responsible for electric and the owner pays W/S/T.

Rich Jordan · Answer

@Jedd Braunwarth I still need to determine how the plumbing runs in the building. I sense that it is not separated already. What company and setup have you seen that would be ~$300/unit when unseparated?

Benjamin Seibert · Answer

I can only speak for a current deal I am looking at but I received a quote of $5k to submeter a SFH into a duplex. I would think that in a 30-unit there would be a greater economy of scale and would cost less per unit to submeter, but I'm not 100% sure. Hopefully others can chime in on this with more information.

Submetering - Average Cost per Unit?

Most Popular Reply