Estimating the ARV of a small multifamily

[Marta Frey]

Hi everyone,

I'm looking into house hacking my first small, multifamily property (hopefully a quadruplex), and I'm having trouble determining market value for these properties. I know the market value of a single family home is typically dictated by comps, and I have a sense that the value of larger multifamilies is dictated by ROI, but small multifamilies seem like they live somewhere in between. I'm hoping someone out there can offer advice on estimating the values of these homes. Thanks for your help,

[Marta Frey]

Thanks, Will. The quadruplex I'm looking at is in a town that doesn't have any other quadruplexes for sale, or any recently-sold quadruplexes. Would you just compare price per square foot with SFHs in the area? Or is there some other metric that's more reliable? Thanks again for your help.