A multi-family property appraisal is a professional evaluation of the value of a residential property that contains two to four dwelling units. This type of appraisal is typically conducted for a variety of purposes, such as when buying or selling a property, refinancing a mortgage, or settling an estate.
In addition to evaluating the physical characteristics of the property, the appraiser may also consider other factors, such as the local housing market, the condition of comparable properties, and any recent sales or listings in the area. The appraiser may also take into account the rental income and expenses associated with the property.