Finding comparables on multifamily properties

[JC Chavez]

GOAL: I am looking to purchase a 10-20 unit apartment complex and trying to establish market value using multiple methods.

I understand there are multiple ways to estimate fair market value of a multifamily asset, but I am interested in hearing about your experiences with the ways you find most helpful. 

Also, I am looking for the best ways to find comparables on sold multifamily apartments nearby. Is there a good way to research this?

Thanks in advance!

[Taylor L.]

That property would be classified as commercial, and is not valued based on comps. Commercial property is valued based on NOI and Cap rate. It can also be instructive to look at per door prices to give you an idea of where you fall in the market, but the actual value is based on earnings.