A skilled appraiser does more than assign a number—they uncover hidden value drivers that directly increase a multifamily property’s worth. Factors like unit mix, rental income potential, occupancy rates, and recent capital improvements are carefully evaluated. According to the National Apartment Association, even a $25 monthly rent increase per unit can add $300,000 in value to a 100-unit building at a 6% cap rate. By documenting and presenting these income-generating details, a good appraiser ensures the property’s true earning potential is reflected in its valuation.

Beyond rental income, appraisers also analyze market trends and growth indicators that affect long-term value. Properties within a half-mile of transit or retail hubs, for example, can command 10–20% higher rents compared to similar properties without those advantages. A skilled appraiser highlights these locational benefits along with neighborhood development plans, school ratings, and demographic demand. This comprehensive approach maximizes both current valuation and future investment potential, giving owners stronger leverage with lenders and buyers.