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Multi Family Building Construction Cost Estimator
Leading provider of multi-family building estimating.
Condominium Construction Cost
$1.3 Million to $4 Million
Apartment Construction Cost
$3 Million to 5 Million
Townhouse Construction Cost
$180,000 to $220,000
Construction costs are the major expenses that investors in multifamily apartments consider. Recently, these costs have been increasing, making developers lose interest in the market. Because of this hike in construction costs, investors seek to know the expenses involved. Doing so will help them make budgets accordingly.
We provide estimates for multi-family housing buildings. We have done estimates for small and big construction projects.
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Frequently Asked Question
The cost to install new flooring typically ranges from $3 to $22 per square foot, depending on the flooring type, labor rates, and subfloor conditions. Vinyl and laminate are on the lower end, while hardwood and natural stone are more expensive.
On average, expect to pay between $6,000 and $18,000 to install flooring in a 1,000 sq.ft. home. This estimate includes material and labor costs, with variations based on flooring choice and regional labor rates.
Sheet vinyl, peel-and-stick tile, and laminate flooring are among the most affordable options, with materials starting as low as $1 to $3 per square foot. These are great for homeowners seeking a stylish look on a budget.
To estimate your flooring cost, multiply your total square footage by the cost per square foot for both material and labor. Don’t forget to include underlayment, transition strips, adhesives, and disposal of old flooring in your total budget.
Yes. Bathrooms and kitchens may require moisture-resistant or waterproof flooring, which can cost more. Living rooms and bedrooms often use more affordable or decorative options like carpet or laminate.
Labor costs typically range from $1.50 to $7 per square foot, depending on the material. Tile and hardwood require more skill and time, leading to higher labor rates, while vinyl and laminate are quicker and cheaper to install.
According to the most recent cost estimates, multifamily apartment construction currently costs between $84,500 to $109,000 per unit. This estimate uses contractor fees of between $95 and $220 per square foot (psf) to provide a reasonable range between the most and least expensive markets, as the average contractor fee in the U.S. is about $145. The estimate also calculates mason, excavator, and carpenter fees at $80/hour, painters at $30 to $45/hour, plumbers at $55 to $75/hour and electricians a $75 to $95/hour.
Condominium Construction Cost
The cost of condo construction varies tremendously from unit to unit. Costs fluctuate due to the location, with urban areas costing more than suburban locations. Costs also vary depending on the unit type, amenities, and building type. This creates a cost range per square foot from $135 to $450 a square foot. These costs are for construction and do not account for land acquisition, parking, or the soft costs associated with listing and selling the finished units.
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Condominium Construction Guide
Condo Development
Condo Process
Condo To Custom Retreat
Apartment Construction Cost
3-story apartment buildings are most likely wood, with a brick or stone veneer 2, so their building costs are generally lower. Assuming 2 – 4 units per floor, this would cost $3.5 to $4.2 million to complete. 3-story apartment buildings are common in larger apartment complexes. Rather than a single building, you may build three, four, or smaller buildings in one large complex. This can be an attractive area for families or senior living.
Cost to Build a 10-Story Building
The cost to build a 10-story apartment building ranges from $12.9 to $18.3 million. At this point, your structural needs begin to change. This is still considered a mid-rise structure, but you need to start incorporating steel for added support. You also have more units and potentially more units per floor. These buildings are not tall enough to be subject to zoning laws, so this is a common size for mid-rise structures in populated areas.
Apartment Building Cost by Type
The type of apartment building you build has an impact on the total costs, mostly on the cost per square foot for apartment building construction. Larger buildings use different building methods that increase costs.
Apartment buildings come in many different sizes and designs, which also impacts the costs of apartments. The more corners and different shapes a building has, the higher the construction costs. The number of units and overall size of the building also play a role. Below are some of the most common types of apartment buildings and their average cost per square foot.
| Apartment Building Type | Average Construction Cost per Sq.Ft. (Labor Included) |
|---|---|
| Infill | $100 – $200 |
| Low-Rise | $170 – $250 |
| Mid-Rise | $200 – $280 |
| High-Rise | $250 – $450+ |
For multi-family projects, use a multi-family cost estimator to plan apartment building expenses.
Townhouse Construction Cost
3-story apartment buildings are most likely wood, with a brick or stone veneer 2, so their building costs are generally lower. Assuming 2 – 4 units per floor, this would cost $3.5 to $4.2 million to complete. 3-story apartment buildings are common in larger apartment complexes. Rather than a single building, you may build three, four, or smaller buildings in one large complex. This can be an attractive area for families or senior living.
Triplex Construction Cost
A triplex is a single building with three separate residences inside. This type of structure is also an infill apartment building, similar to a duplex, but it has three distinct living spaces. Typically, triplexes feature apartments stacked one above the other, but some designs may place them side-by-side. If you’re planning a triplex construction, a cost to build estimator can be useful to get an accurate estimate of the costs involved. The average cost to build per square foot for a triplex is similar to that of a duplex, ranging from $115 to $260, depending on factors like location, materials, and layout.
The average cost to build a triplex is around $887,500, assuming a three-story building, with all three units having the same layout and amenities.
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How Much To Build A Duplex?: Average Costs And How Prices Can Vary
The national average cost to build a duplex is between $325,000 and $577,000, with most people paying around $398,000 for a 3,000 sq.ft. side-by-side duplex with two floors. At the lowest cost, you can build a 1,500 sq.ft. stacked duplex for $142,500. A 5,000 sq.ft. high-end single-story side-by-side duplex costs $1,100,000 to complete.
Most investors who wish to explore the possibility of real estate development in the duplex market can expect to pay around $398,000 for a 3,600-square-foot duplex property.
| Cost Category | Price / Range |
|---|---|
| National Average Cost | $398,000 |
| Typical Cost Range | $325,000 – $577,000 |
| Minimum Cost | $142,500 |
| Maximum Cost | $1,100,000 |
| Price Per Square Foot | $105 – $320 |
| Average Total Cost | $295,000 – $577,000 |
| One-Story Duplex (Per Sq.Ft.) | $105 – $145 |
| Two-Story Duplex (Per Sq.Ft.) | $110 – $180 |
| Side-by-Side Duplex (Per Sq.Ft.) | $140 – $320 |
Construction Guide
Project Management
RRC Construction
High Rise Building
Concrete Cost For Multi-Family House
Concrete cost for multi-family house is different for every kind of houses. There are different costs for duplex, condominium, townhouse, etc. Let’s discuss in detail about the concrete cost for multi-family house.
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Concrete Foundation Cost per Square Foot
Most concrete foundations are costed by the square foot. This means that regardless of the type and having walls or only a slab, the total construction area is considered when pricing the foundation. There are several concrete types costed by the square foot. This includes simple slabs and complex stem wall basement foundations. The prices range from $8 to $35 an sq.ft. for foundations before factoring in excavation, vapor barriers 1, and potential insulations.
| Size | Average Costs (Installed) |
|---|---|
| 500 sq.ft. | $3,500 – $15,000 |
| 800 sq.ft. | $5,000 – $25,000 |
| 1,000 sq.ft. | $8,000 – $30,000 |
| 1,500 sq.ft. | $10,000 – $40,000 |
| 2,000 sq.ft. | $15,000 – $55,000 |
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At Estimate Florida Consulting, we offer detailed cost estimates across all major trades, ensuring no part of your project is overlooked. From the foundation to the finishing touches, our trade-specific estimates provide you with a complete and accurate breakdown of costs for any type of construction project.
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We take pride in delivering accurate, timely, and reliable estimates that help contractors and builders win more projects. Our clients consistently praise our attention to detail, fast turnaround times, and the positive impact our estimates have on their businesses.
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