building new triplexes looking for pros and cons or pitfalls to look forward to

[Matthew Ford]

I'm thinking about building a multi-family property in the Indianapolis market. I'm interested in getting some insights on the pros and cons of building a triplex versus a duplex or quadplex. I understand this is a broad subject, but I'm hoping to get a conversation going.

[Bryant Brislin]

The only thing that comes to mind may be insurance-related, so I'd recommend speaking to your insurance broker to see if the cost may be different due to fire damage could damage more units at a time. Also, the city's building code could be different as far as the required fire rating for party/shared walls, etc, thus the construction costs could be higher.

[Dave Wells]

Check with town permitting or GC if need additional parking, landscaping and rain drainage. It can raise your cost if not planned for.