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Multi-Family Homes Appraisal.🏠

Multi-Family Homes Appraisal.🏠


This property type is designed with multiple living units.


The number of living units contained in the property determines what appraisal format is needed.


A 2-4 unit multi-family property is considered a residential property that can by appraised using the 1025/Small Residential Income Property Report form.


Multi-family properties containing more than 5 living units is considered a commercial property.


While there are some generic forms that can be used for a 5 or more unit multi-family property, typically a narrative format is used to develop the appraisal.👌


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