Find the accurate gross rent multiplier

[Horacio Gutierrez]

Hello,

Where can I find the gross rent multiplier for a certain city with duplexes or fourplexes?

[Matthew Olszak]

@Horacio Gutierrez For buildings of that size, GRM and CAP rates are irrelevant. 2-4 unit buildings are sold based on comps. Granted, in investor-heavy areas, the value will reflect the expected/potential rents, the ultimate value is based on what other similar buildings have sold for. With such a small building and number of units, using a GRM will be highly inaccurate because slight changes in condition, vacancy, etc won't be absorbed by better performing units as they would be in a 20+ unit building.