Cost to build 10 unit apartment complex

The cost to build 10 unit apartment complex is based on the square footage of the building, which means you can use the same numbers for a 2-bedroom apartment and a 4-bedroom apartment.

The average cost per square foot for a new home in America is $100. In this case, you’re looking at approximately 8,000 square feet of living space and parking, so the total cost would be around $800,000 before you even begin construction.

The average cost to build an apartment complex in the U.S. is between $250 to $300 per square foot. Since there are 10 units and 8,000 square feet of living space and parking, your total cost would be $2 million before construction begins.

Cost to build 10 unit apartment complex

The cost of building a small apartment complex can vary greatly depending on the size and amenities of the building. According to the U.S. Census Bureau, there were about 3 million multifamily housing units in 2016, which equates to about 10 percent of total housing units in the United States. The average cost per unit for apartments was $235,000 according to an analysis by Genworth Mortgage Insurance Corp., but costs vary widely based on location and other factors.

For example, one recent report found that the average cost per square foot for an apartment building in metropolitan areas ranges from $278 in Atlanta to $453 in Boston. The cost of construction is influenced by many factors, including:

Size of the project: A small apartment building with two or three stories may be easier and less expensive than a larger project with more than four stories.

Location: Costs vary widely based on proximity to amenities like shopping centers and public transportation hubs, as well as housing costs in your area. For example, according to Zillow data cited by Bankrate, average listing prices for homes near San Francisco’s BART stations are $836 per square foot while homes near New York City’s Penn Station boast an average listing price of $1