Building a small apartment
2 Replies
Michael Chen
Developer from Seattle, WA
posted almost 2 years ago
I own a 6000 sqft lot which is allowed to build a ~14000 sqft apartment. The lot is near to an university so there shouldn't be any issue with getting tenants. I am doing some analysis on whether I should sell it after permit is approved, or build it and rent out. I built several SFHs before but I have never built an apartment. I was wondering if someone knows the details of cost to build an apartment? Also I am willing to pay for expense sheet of finished projects. I'm in Seattle area.
Sam Askar
Rental Property Investor from Las Cruces, NM
replied almost 2 years ago
@Michael Chen . I just went through this for myself, Down here in NM building cost will be any where from $75-85 sqft , it good more or less in your market plus the cost of the land
Michael Chen
Developer from Seattle, WA
replied almost 2 years ago
Wow, my area is much more expensive than that, I heard it would between $200-$300 per sqft + design and land cost.
Free eBook from BiggerPockets!

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you