“Halving” the number of units on a multi family

[Steven Ko]

Has anyone gone from 8 units to 4? Or 4 units to 2? I know it’s against the status quo but just a random late night though I had. What if we turned an 8 unit into a “luxury” 4 unit? Would a full gut rehab probably be the best option?

What about going as far as turning an 8 plex into a SFR?

[Sam Grooms]

Generally, you'll get lower rent per square foot by doing this. There are exceptions, though.