Building a small apartment

Building a small apartment

Developer · Seattle, WA · Member since 2018 · 8 posts · 1 vote

I own a 6000 sqft lot which is allowed to build a ~14000 sqft apartment. The lot is near to an university so there shouldn't be any issue with getting tenants. I am doing some analysis on whether I should sell it after permit is approved, or build it and rent out. I built several SFHs before but I have never built an apartment. I was wondering if someone knows the details of cost to build an apartment? Also I am willing to pay for expense sheet of finished projects. I'm in Seattle area.

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  • Sam AskarPro Member
    Rental Property Investor · Las Cruces, NM · Member since 2019 · 28 posts · 2 votes
    7y

    @Michael Chen . I just went through this for myself,  Down here in NM building cost will be any where from $75-85 sqft , it good more or less in your market plus the cost of the land 

  • Developer · Seattle, WA · Member since 2018 · 8 posts · 1 vote
    7y

    Wow, my area is much more expensive than that, I heard it would between $200-$300 per sqft + design and land cost.

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