Running cops or multi family

4 Replies

Hey guys, what is the best way for me to run comps on a multi family property if there is it any similar units they have sold recently within the same square footage or miles?

Precious, I'm an RE agent and investor in Columbus Oh. When looking at comps for MF 2-4 units you can really go off of sales comps. Once you get into 5 units and more it's based more on CAP rate. NOI / (markets cap rate) = value.

If there are not any recent sales near your property I would look at what the SFH are selling for in the area. That will at least give you something to start with.

Originally posted by @Precious Thompson :

Hey guys, what is the best way for me to run comps on a multi family property if there is it any similar units they have sold recently within the same square footage or miles?

 Get yourself an agent with access to sales data.
or you can use a product like RedBell which isn't as accurate.

Originally posted by @Precious Thompson :

Hey guys, what is the best way for me to run comps on a multi family property if there is it any similar units they have sold recently within the same square footage or miles?

Get MLS access. The best way is to work with a local agent

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