Multifamily Tool to Calc Price per Door in Certain Location

Multifamily Tool to Calc Price per Door in Certain Location

Real Estate Consultant · Las Vegas, NV · Member since 2014 · 7 posts · 1 vote

The tool that I am looking for would allow you to select a city, and would then be able to identify the multifamily projects in a close radius (for example: a 3 mile radius).  You would then be able to calculate the price per door of the competing projects to determine if the project that you are looking to invest in is competitive.  This tool would also let you know if your project is overpriced or underpriced for the area.

Does such a tool exist?

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  • Real Estate Lender · Jacksonville, FL · Member since 2015 · 86 posts · 51 votes
    7y

    Most of the paid real estate research companies (costar etc) usually show price per door.  I suppose you could do a search Multifamily in a geographical area and he list you get back would show it.

  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    7y

    yes there is a software service https://www.reonomy.com/

  • Real Estate Consultant · Las Vegas, NV · Member since 2014 · 7 posts · 1 vote
    7y

    Thanks so much for the suggestions!

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