Multi family appraisals
Newbie question. Can someone explain how multifamily properties are appraised? Let's say for example, a property is a duplex with 2bd/1ba in each unit and there were no duplexes sold in that area in the past year. How do you go about determining the fair market price of this duplex? I'd like to understand how I calculate the fair price of a multi unit property. SFRs compatibles totally make sense, but multiunits I have no idea how you start.