How Much Does It Cost to Build a 4 Unit Apartment Complex?

Alexander Ross
Alexander Ross
• • 6 min read

With Mid-Range Materials, a Normal Foundation with Full Basement, Efficient Doors and Windows, All Appliances, and "Turnkey" Finishing Would Run at an Average...

How Much Does It Cost to Build a 4 Unit Apartment Complex?
With mid-range materials, a normal foundation with full basement, efficient doors and windows, all appliances, and "turnkey" finishing would run at an average of $64,575 to $86,100 per unit to complete. This does not include acquisition of the land, however.

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Besides, how much does it cost to build a fourplex?

Building a fourplex will cost +/- $220k.

Similarly, how much does it cost to build an apartment complex in Kenya? The average cost of construction in Kenya is about Sh35,000 per square metre for a modest dwelling in major towns, while a high-end home costs upwards of Sh60,000 per square metre.

In this manner, how much does it cost to build multifamily?

According to RSMeans data, used with permission from Gordian, the average cost nationwide of constructing a new multifamily building consisting of between 8 and 24 stories was approximately $31.5 million in 2016, compared to $29.9 million in 2015 and up more than 10 percent compared to 2014's cost of $28.5 million.

Is an apartment building a good investment?

Yes, apartments are still a good investment, but for more fundamental reasons than during the past eight years. But apartments are still a good investment for traditional reasons versus heavy appreciation, even with changing circumstances such as rising interest rates, rising property taxes and a potential recession.

Related Question Answers

How much land do you need to build a 4 plex?

This is extremely broad, but these are generally where market is at in close in Portland for land you can build 4-plex. Land- $40-$65/per sq ft (more in higher density zones), $150/ sq ft of hard costs for construction, $20k per unit in SDC fees. Your soft cost ratio will probably be about 30-35% of your hard costs.

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How much would it cost to build a small apartment complex?

For the building of an apartment building with twelve units, the typical costs include: With mid-range materials, a normal foundation with full basement, efficient doors and windows, all appliances, and "turnkey" finishing would run at an average of $64,575 to $86,100 per unit to complete.
Alexander Ross

Alexander Ross

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Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.