Income and unit mix
We review unit types, actual versus market rents, concessions and collection trends rather than treating every unit as interchangeable.
06 / COMMERCIAL MULTIFAMILY
Apartment building appraisals
The income tells a property-specific story.
An apartment complex is an income-producing investment property. Unit mix, in-place rents, occupancy and expenses shape its value story.
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A property-specific lens.
Comparable properties only help when the rights, income, physical utility and transaction conditions are understood. The selected approaches depend on the actual assignment.
Occupancy and expenses
Physical vacancy, economic vacancy, operating costs and reserves inform the income a buyer could reasonably expect.
Condition and capital needs
Age, deferred maintenance, amenities and planned improvements distinguish an older garden-style property from newer comparables.
Helpful before we quoteWhat to send
What to send
with your inquiry
Current rent roll, unit mix, trailing income and expenses, occupancy history, recent capital projects and available leases.
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Jeb Fuller
Commercial Real Estate Advisor & Certified General Appraiser
Jeb Fuller brings decades of real estate valuation and advisory experience. The Appraisal Subcommittee National Registry lists active Certified General credentials in DC, GA, MD, NC, SC, TN and VA. His Real Estate Investing & Analysis certificate was earned through Wharton Online × Wall Street Prep (2025).
Licensing is not a guarantee of assignment coverage. Geography, competency, independence and availability are reviewed before an engagement is accepted.
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