Cost of Appraisal for 5-Unit Rental Property

Cost of Appraisal for 5-Unit Rental Property

Member since 2022 · 9 posts · 4 votes

I inherited a 5-unit property from my dad who passed away in January. I need to get the property appraised for the estate using the IRS value as of date of death. I received a quote for the appraisal for $2,000. Does this seem reasonable? The property is located in South Lake Tahoe, CA, since I know costs for these kinds of things can vary by market. I'm having a bit of sticker shock, and this is all new to me, so I don't know what's the "expected" price.

Thanks! ~Jerah

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Jeff CopelandBusiness Member
Real Estate Broker · Tampa Bay/St Petersburg, FL · Member since 2015 · 1k+ posts · 2k+ votes
4y

That sounds about right. Commercial appraisals are much more expensive than residential. 

Copeland Morgan LLC4.770 Reviews
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