Often how much an unit in a decent area ? $50k a unit?
How does the local market compare to NJ/NY?
Depends on where you are in the city and what size multi-family you're looking for. There are some in the nicest areas and you'll be paying 80k+ a unit there...in some of the less desirable areas of the city it could be 20-25k a unit. A few in between...but not much. Multi-family in Wilmington tends to be in either the nicest or worst parts of the city. There are a few exceptions, but not many.