2-4 Units: Comps or Income Approach?

[Ben Morand]

Hey guys,

So this may be a simple question, but are small multifamily properties (2-4 units) typically appraised using comps or using the income approach? I know SFR are always dealt with using comps and commercial properties use NOI to determine value, but what about the small multifamily, which is in between the two? Thanks everyone!