Investor · Denver, CO · Member since 2016 · 213 posts · 57 votes
Hi all BoggerPickets...
I am curious about new construction cost for small multifamily projects. This would be for everything except land. We probably should assume a smaller mostly level infill site with rentable finishes. Location will probably be important for this discussion so if you could post where you are talking about. Maybe we could have best cost advantaged building practices.... Modular.. precast... stick frame... sips (structural insulated panel system ??).. block etc. My hope is that this could become a resource for any investor with a small house on a duplex type zoned lot. Thus helping all of us come up with a better value for some of these infill sites. Thanks for all your time and input.. Smole In :)
Lender · Denver, CO · Member since 2009 · 1k+ posts · 597 votes
10y
Clearly a lot of variables, but I can share a few real life scenarios. All excluding land costs and in Denver.
I finished a 7 unit town home project in August 15, near Sloan's Lake - we finished at $165 per ft - this is demo to door bell with all costs included
I am breaking ground on an 8 unit south of Sloan's in about a month - I am estimating $185 per foot again demo to door bell. About $140 a ft in hard construction costs - the balance is everything else.
Both of these projects are 3 and 4 story, modern, nice finishes with sales prices in the high $400's.
I just funded a single family house for a client last week - SFR about 5,000 finished sq ft - $140 a ft - completed value over a million.
Contractor · Pensacola, FL · Member since 2017 · 308 posts · 154 votes
8y
10 years ago when I was building houses, I could do the least expensive house for about 35 bucks a sf slab. That's cost.
That has gone so far out the window today. I would have to start at square 1 getting bid after bid from subs before I could give an accurate estimate. Lumber prices are at an all time high, roofing materials are sky high, demand for contractors is high.
I'll bet the builder's cost is in the neighborhood of 75-80 sf these days