Q3 2025 Small Multifamily Investment Trends Report
- Chandan Economics - In Partnership with Arbor Realty Trust
- Aug 21
- 1 min read

Three Key Findings
Small multifamily valuations rose year-over-year for the first time since 2023.
Cap rates extended a streak of stability.
LTVs climbed higher as underwriting conditions continued to normalize.
Published with our partners at Arbor Realty Trust, the Q3 2025 Small Multifamily Investment Trends Report explores a wide range of topics within the small-asset subsector — including cap rates, asset pricing, refinancing activity, originations, and credit trends. Read the latest findings on Arbor's site by following the button below.
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