Appraisal of Multiunit in Downtown Allentown

[Yacine Rimmo]

Hello Bpers!

I am considering refinancing one or two of my properties in Downtown Allentown (not by Hamilton) and I was curious to know what range you had seen appraisal come back by unit for a multifamily lately.

My latest came back at $49.5k unit and $61.5k.

The appraisal always details different approaches: per sf, per unit, per bedroom, and per GBA then they show the sales comparison and the rental income approaches but it seems the result can vary greatly depending on the appraiser.

Stay safe