Multi-Family Rule of Thumb?

[Elijah Lopez]

Hi all,

My name is Elijah Lopez. I’m new to BP and trying to get started in real estate by determining my market. I think I have a solid foundation but I am interested to know:

Is there a certain multiplier I can use to convert median price of a single family home into the approximate value of a multi-family home?

I am most interested in buying a 4plex but I am having a hard time finding how much it might cost. Because I’m looking in a few areas I don’t want to find all of them and average unless I have to.

Thank you in advance for any insights you may offer!