Property Valuation
Which Oregon property type is MOST likely to be appraised using the income capitalization approach as the PRIMARY method?
AA single-family owner-occupied home in Portland
BA 12-unit apartment building in Salem✓ Correct
CA vacant residential lot in Bend
DA historic craftsman bungalow in Eugene
Explanation
The income capitalization approach is the primary method for income-producing properties like apartment buildings. The 12-unit apartment building generates rental income that can be capitalized into a value estimate. Single-family homes are primarily valued using the sales comparison approach.
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