Do you appraise duplexes and small multifamily buildings?

Yes. Two-to-four-unit residential properties are appraised on Form 1025 with rent schedules, and larger residential assets are handled in narrative format.

Is rental income included in the value?

Income is one indicator of value alongside comparable sales. In owner-occupied neighborhoods sales dominate; in investor-driven submarkets the income approach carries more weight.

Service

Investment and Rental Property Appraisals

An investment property appraisal values a rental, duplex, or small multifamily building using both comparable sales and the income the property generates. Reports typically include a market rent schedule and an operating income analysis alongside the sales comparison conclusion.

Investors buy cash flow and exit value. The report addresses both, so the number supports lending, partnership, and disposition decisions.

Typical fee: $550–$1,200 depending on unit count
Turnaround: 3–5 business days
Report form: Form 1004 with 1007/216, Form 1025 for 2–4 units, or narrative

What is included in this appraisal

Sales comparison analysis of similar income properties
Market rent schedule (Form 1007) and operating income statement (Form 216) when applicable
Gross rent multiplier and, for larger assets, direct capitalization
Unit mix, occupancy, lease, and short-term rental regulation review

Who needs it

Investors acquiring or refinancing rentals and duplexes
Partnerships dissolving or rebalancing ownership
1031 exchange participants documenting values
Owners evaluating short-term versus annual rental strategy

How the income approach works

Market rent is estimated from comparable leases, vacancy and operating expenses are deducted to reach net operating income, and that income is converted to value using a capitalization rate extracted from local sales. For one-unit rentals a gross rent multiplier is often the more reliable indicator.

Short-term rental income

Municipal rules across Miami Beach, Miami, and Fort Lauderdale differ sharply. Where short-term rental is legally permitted and demonstrable, that income stream is analyzed; where it is prohibited, it is excluded regardless of historical performance.

Frequently asked questions

Do you appraise duplexes and small multifamily buildings?: Yes. Two-to-four-unit residential properties are appraised on Form 1025 with rent schedules, and larger residential assets are handled in narrative format.
Is rental income included in the value?: Income is one indicator of value alongside comparable sales. In owner-occupied neighborhoods sales dominate; in investor-driven submarkets the income approach carries more weight.

Investment and Rental Property Appraisals

What is included in this appraisal

Who needs it

How the income approach works

Short-term rental income

Frequently asked questions

Related services

Condominium Appraisal

Desktop & Drive-By Appraisal

Full Residential Appraisal

Where this service is available

Order a investment property appraisal