any suggestions on how I should compare these 2 options?

A lot harder to get significant cash flow with those compared to when rates were 3%.Small to mid sized multifamily you can still get cash flow for turnkey stuff with a 20-25% down payment in C and some B areas.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

The problem with Multi Family is that unless you or your partner have $10M or so of net worth and $1M in cash laying around as well as prior experience with commercial real estate, you can't get the loan. 

I recommend you speak with a lender about reviewing whether you could qualify for a loan prior to making an offer, as I've seen these kinds of things blow up.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I - nor my clients - will rent to anyone without having of proof of engagement prior to moving in.Hope this helps.

Upon further review, there is 1 active Type 2 STR permit on this blockface prior to your STR application submittal, but a system glitch did not capture it on the OneStopMap.

(theccd.org)Rental Premiums: Co-living assets have sustained a 23.2% rent per square foot premium over the average of Class A so rents per square foot in comparable markets.

The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.