Running cops or multi family

[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?

[Austin Steed]

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.