Cap rate on multifamily

[Christian Thompson]

I am trying to get comps for ARV on 3 duplexes. 2 of the duplexes are next door to each other and the 3rd duplex is behind on of the others. My realtor can't seem to find comps for the property. She did bring up going the NOI route. How would I get the cap rate on this property in order to calculate comps?

[David Lilley]

@Christian Thompson cap rates wont really come into play for properties less than 5 units. Those properties will be valued based off recent sales of comparable properties.