Cost to build an apartment building – Estimates and Prices …

How much does it cost to build an apartment building?

What does it cost to build an apartment building? There are a huge number of variables in such a question. For one thing, apartments come as low-rise, mid-rise and high-rise. For the purpose of this discussion we will look at the mid-rise buildings with five or more units in each. According to the U.S. Energy Information Administration, the size of the average apartment is 861 square feet which assumes a "footprint" of approximately 24'x35'.

The building of single mid-rise complex would never be a "DIY" project and usually requires a knowledgeable contractor, an architect, a team of subcontractors, and cooperative owner to get the job done in a calendar year.

For the building of an apartment building with twelve units, the typical costs include:

What is included:

The basic structure of this building would be best if left in an uncomplicated "four square" design. Most owners rely on both an architect and a contractor, and the architect will require approximately 10 - 17% of the total building budget;

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Cost to build an apartment building - Estimates and Prices ...