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Updated almost 5 years ago on . Most recent reply

Appraising Multi-family Properties Under 5 Units
How do appraisers appraise duplexes? I've heard if they're under 5 units they treat them as single family. Are they averaging the sale of comps in the area in the last year? Are they doing it by $/sq ft? Are they also incorporating actual single family homes if there aren't that many comps? Any info would be much appreciated!