If you’re going to do it yourself and don’t have any experience with construction projects, you’ll likely want to hire a general contractor instead of hiring subcontractors individually (which could end up costing more). You’ll also have to hire a contractor to oversee construction. You’ll need to fill out the appropriate paperwork and pay for building permits, which can cost anywhere from $2,000 to $15,000. Dog parks cost between $3-5 per square foot but if there’s demand from pet owners then they may provide value over time due to the convenience of having designated areas where dogs can do their business without bothering other people nearby on the property.Parking lots require more concrete than just putting up walls so expect an added expense of about $25 per square foot of parking area (or more if your lot has curves or angles).A gym facility adds about $30,000 but can be worthwhile for attracting tenants with active lifestyles who are looking for fitness amenities in their apartment building.A pool adds about $70,000 and requires additional permits and costs for water treatment.Let’s take a look at some of the most common features and how much they add to the overall cost: If you’re going to build a 8 Plex, you’ll want to know what it will cost. In this article, we’ll walk through the process of building an 8-plex from start to finish, so you’ll know exactly what’s involved in creating your own 8-plex.

They offer a lot of room for tenants, and if you’re looking for a good investment, you can expect to see a steady stream of rent money coming in.īut building an 8-plex is no easy task-it can be challenging to build an 8-plex that’s structurally sound and meets all city building codes, let alone make it look good. In some areas, buildings that have four or five apartments are also called 4-plexes or 5-plexes.Ĩ Plexes are a great way to get into the property game. A building with at least six units is considered a 6-plex. The length and width of these buildings vary depending on the local zoning laws. In the construction industry, 8-plex is a term used to describe multifamily buildings with eight units.

Plex cost