Fundamentals of Apartment Appraising


This program is built around examples of small- to mid-range apartment buildings of between 12 and 50 units. Although the focus is on non-institutional-grade apartment projects, the issues and principles also apply to institutional-grade or investment-grade properties. A few examples of such issues are the quantity and quality of sale data available, the availability of standardized income and expense data, identification of the type of typical buyer, and associated purchase motivations. Numerous examples of basic techniques, and a comprehensive case study are used as learning tools. The case study allows you to measure the adequacy of the valuation of a relatively simple property based on formats and techniques reviewed in the seminar. Your discussion posts and those of your peers in the program will provide various perspectives.

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Who should Enroll

  • Residential appraisers 
  • General appraisers 
  • Brokers 
  • Lenders, etc.


  • Apply many of the appraisal tools you’re familiar with from other courses or experience to a specific property type.
  • Understand basic inferred market analysis techniques used to analyze apartment markets and marketability, property characteristics, and highest and best use.
  • Analyze and apply all appropriate approaches to value for a small apartment property after identifying applicable special considerations.
  • Be aware of the unique areas of apartment appraisal.
  • Analyze a small apartment property in a case study format.
  • Examine market issues relating to apartment appraisal.
  • Examine and distinguish among reporting options.


Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures is required.


No Exam



Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours


Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

Required and/or Recommended Equipment

System Requirements

Additional Information

Online Course Access
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Book Recommendations

None Specified.