Most apartment complexes are purchased with commercial loans rather than cash.
The total acquisition price scales quickly as you move from small multi-family buildings to large complexes. $1.2M – $4.8M Mid-size (20–50 units): $6M – $20M Large (200+ units): $50M – $100M+ 📍 Regional Price Variation how much does it cost to buy an apartment complex
Buying an apartment complex typically costs between , depending heavily on the number of units and the location. For most investors, the "price per door" (per unit) is the most critical metric for determining value. 🏢 Cost by Unit Count Most apartment complexes are purchased with commercial loans
🔥 A luxury 6-unit waterfront property in Point Loma, San Diego, was recently listed for $9.7M , or roughly $1.6M per unit . Financing and Down Payments For most investors, the "price per door" (per
Location is the largest driver of price per unit. High-demand coastal cities command a significant premium over secondary or rural markets. Market Type Estimated Price Per Unit Example Cities $450,000+ Manhattan, San Francisco, San Diego Secondary $300,000 – $350,000 Phoenix, Orlando, Newark Tertiary $250,000 – $300,000 Rural or smaller metro areas