BIG NO. You feel free to excel work sheet case to case basis, you will realize the fact. Killer is HOA.
definitely lower appreciation. ==> I was also having such misconcept and hated buying multiplex, even though my realtor told me many times. I missed the boat, not buying many Cupertino+Sunnyvale multiplexes that were available at that time, once for all year 2008-2011 period. She showed me many and were available without bidding !
It was my mistake which you people are making it.
ELT1 is perfectly right.
Only one negative, look & feel and neighborhood will not be good as everywhere multiplex renters maintain the location.
Rest, it is a cash cow.