Calculate per-unit pricing for multifamily properties. Compare apartment buildings on a per-door basis and estimate property value from target per-unit pricing.
—
Looking to finance a multifamily acquisition? We match you with multifamily lenders for the best terms.
A is saved. Change any input above and B updates — the difference shows on the right.
| Result | A saved | B now | B − A |
|---|
The standard valuation metric for multifamily properties.
Price per unit (per door) lets you compare multifamily properties regardless of size. A 12-unit building at $150K/door is directly comparable to a 50-unit building at $175K/door. It normalizes pricing and makes market comparison instant.
Class C suburban: $60K–$120K/unit. Class B suburban: $100K–$200K. Class A urban: $200K–$400K+. Coastal/gateway markets: $300K–$600K+. Pricing depends on market, condition, unit size, rent levels, and cap rate environment.
Per-unit pricing ignores unit size. A building with studio apartments at $150K/unit has very different economics than one with 3BR units at $150K/unit. For more accurate comparison, also look at price per square foot and rent per square foot.
Compare your target property's PPU to recent comparable sales in the submarket. If market comps sell at $140K–$160K per door and you can buy at $120K, that may represent value. But always verify with NOI, cap rate, and physical condition assessment.
Every calculator we offer, in one place — run the next number your lender will ask about.
Common questions about multifamily pricing.
It depends entirely on market and class. In the Midwest, $60K–$100K per door for Class C can offer strong yields. In coastal markets, $300K+ per door is normal. Compare within your specific submarket using recent sales data, not national averages.
Yes. Price per unit is the total purchase price divided by total number of units. It includes land, building, and all improvements. For new construction, use cost per unit (total development cost ÷ units) instead.
PPU does not account for unit size. A studio at $150K/door has very different per-SF economics than a 3BR at $150K/door. For apples-to-apples comparison across different unit mixes, supplement PPU with price per square foot analysis.
Under 5 units: residential loans. 5–20 units: small balance CRE, portfolio lenders, DSCR loans. 20+ units: Agency (Fannie/Freddie), CMBS, life companies. SBA 504 works for owner-occupied. Each program has different LTV, rate, and term parameters.
Not necessarily. Very low PPU may indicate deferred maintenance, bad neighborhood, high vacancy, or other issues. The best value is a property with PPU below market comps that has fixable problems — this is the value-add strategy.
We specialize in matching multifamily investors with the right lender — whether it is Agency for 20+ units, DSCR for smaller buildings, or SBA for owner-occupied. We handle the entire loan process at no upfront cost.
Our advisors help you underwrite multifamily deals and secure the best acquisition financing.
Get Multifamily Financing