Multi family properties

3 Replies

I have a buyer who let me know he is interested in a duplex & I may have found one, I’m just not sure exactly how I should run comps on these types of properties. Is anyone familiar w wholesaling multi family?

From a financing perspective, a duplex is not a multi-family property; it is a single family.  Appraised value is determined using a Comparative Market Analysis (comps) just like any single family. 

Adding to that....

Look for other similar properties, ideally duplexes, with similar square footage, built around the same time, as nearby as possible.