Fourplex & Duplex Appraisals

Small Residential Income Appraisal (Form 1025)

If you own a 2–4 unit property, understanding its value is critical, especially when the property generates income. Our Small Residential Income Appraisal is designed to provide an accurate valuation by incorporating both market data and the property’s income potential.

Why is a Small Residential Income Appraisal Important?

Valuing duplexes and fourplexes is more complex than single-family homes due to the need to consider income streams. By leveraging detailed data from multiple listing services (MLS), we ensure an accurate and reliable appraisal, even in areas with few comparable sales or challenging property conditions.

How is the Value Determined?

The income approach is key for small residential income properties. This method focuses on:

• Fair Market Rent: Calculating rental income for each unit.
• Income Multipliers: Applying industry-standard metrics to assess the property’s income-generating potential.
• Investor Behavior: Determining what buyers are willing to pay based on expected income.

Our experienced appraisers ensure accurate calculations by using the latest market data and applying sound valuation principles.

Multi-Unit Appraisal Process

Our thorough process provides a complete understanding of your property:

1. Market Analysis: Researching comparable multi-unit sales in the area.
2. Zoning and Utilities: Verifying zoning details, flood maps, and utility access.
3. On-Site Inspection: Capturing detailed photos of the property’s interior and exterior.
4. Floor Plan Sketch: Creating accurate layouts and noting each unit’s condition.
5. Income Analysis: Combining rental data and the income approach to deliver a comprehensive value assessment.

Why Wilson Appraisal?

With years of experience in multi-unit property appraisals, our team brings expertise and precision to every report. Our access to four MLS platforms ensures you benefit from the most accurate and up-to-date data. Trust Campbell Appraisals to deliver high-quality, reliable valuations for your fourplex or duplex property.

Contact us today to schedule your appraisal!