Property types
Apartment and Multifamily appraisals in Connecticut
Appraisals of apartment buildings of every size, from two- to six-family houses and small walk-ups to garden complexes, mid-rise buildings and mill conversions.
What drives apartment value
Rent roll and lease terms
Actual rents compared with market rents, unit mix, vacancy, and who pays heat, hot water and electric.
Operating expenses
Taxes, insurance, utilities, repairs and management, checked against comparable buildings so the net income is realistic.
Capitalization rate
Supported by local apartment sales, not national surveys.
Condition and deferred maintenance
Roofs, heating systems, lead and code issues all matter, especially in older Connecticut buildings.
Where we do this work
The towns where we have appraised the most apartment property:
Share of our work in each county that is apartment property
What to send us
- Current rent roll with unit mix and lease dates
- Two to three years of operating statements
- Real estate tax bill and insurance cost
- List of recent capital improvements
Apartment and Multifamily appraisals: common questions
Do you appraise small apartment buildings?
Yes. Two- to six-family and small walk-up buildings are a large share of our apartment work.
Which approach do you use for apartments?
Mainly the income approach, supported by the sales comparison approach. For proposed or newer buildings we also consider cost.
Who does the appraisal?
A partner of Baldi Valuation inspects every property and signs every report. The firm is led by Michael Baldi, MAI, AI-GRS.
Need a commercial appraisal?
Tell us about the property and what the appraisal is for. We will respond with a fee and a delivery date, usually within one business day.