Appreciation of 3-4 unit multifamily buildings
Hello BP Members in the DMV,
In the D.C. area, do multifamily buildings of 3 or 4 units tend to appreciate at the same rate as a stand-alone house? Or, given that the eventual buyer probably be an investor, perhaps these multifamily buildings appreciate a bit slower and according to the rent it can generate? If the answer varies between D.C., Northern Virginia, and Maryland, please elaborate how. For context, I am creating criteria for my first investment property and am trying to decide how much cash flow I should “require” for a multifamily building of 3 to 4 units.
Thank you in advance!
Danny