Comps with Multi-Family Homes

[Corbin Wafford]

BP,

I am making moves to invest into a MFH home here shortly but wanted to ask those experienced in MFH investing (Duplex to Quadplex), how are you running comps in the area?

I am finding it difficult comparing similar MFH properties to one another as there are multiple variables that do not match up completely. I can't imagine you can compare a duplex to a SFH or a duplex to a triplex/quadplex. Maybe I am wrong. Hence the reason I ask!

Ex) If I find a duplex in an area and within a 5-10 mile radius there are little to no active, pending or closed (past 6 months) properties with similar criteria. How can I effectively pull comps to evaluate whether or not this would be a good deal and determine ARV (as most times, you need this to make the MAO)?

I can surely use my agent to help, but understanding the logic/math behind it would be very helpful so that I can analysis deals more efficiently on my own.

Thanks for the help!