How much is a multi family home cost?

How much does it Cost to Build a Fourplex? The average cost to build a multifamily home is $64,500-$86,000 per unit. With four units, it can cost anywhere from $258,000-$336,000 to build. However you can likely find fourplexes already for sale on the market.

Where can I find multi family properties?

Using an MLS, contacting brokers, and contacting property owners are just a few of the ways to find great multifamily properties. Other methods could include going to meetups, networking on LinkedIn, and finding local real estate investors to mentor you.

How do I find a duplex for sale on Zillow?


  1. To find a duplex for sale on Zillow, enter the location of your market. You can search by city, county, ZIP code and neighborhood.
  2. Select properties “For Sale.” Now you can narrow your search by including “duplex” as the keyword.

Where can I find a 4plex for sale?

4 Ways to Find a Fourplex for Sale

  1. 1- Work with real estate agents.
  2. 2- Check your local county appraiser.
  3. 3- Use advanced real estate investing tools.
  4. 4- Check off-market listings on the Mashvisor Property Marketplace.
  5. 1- Your location options are going to be more limited.
  6. 2- Navigating fourplex taxes can be challenging.

Is it smart to buy a multi family homes?

Buying a multifamily home to live in and rent out has some compelling benefits. It might even be better than buying a single-family house to live in or a stand-alone investment property to rent. You’ll get a lower interest rate and lower fees than you’d get for an investment property loan.

What’s the difference between a single-family home and a multi family home?

Single-family homes have just one dwelling unit, whereas multi-family properties have between two and four. This distinguishes multi-family homes from condo complexes and apartment buildings where different people own each unit.

Is multi family property a good investment?

Multifamily property is considered a relatively “safe” investment compared to other real estate asset classes. That’s because even during an economic downturn, people need somewhere to live. In fact, during a recession, many people find themselves forced to sell their homes and move into rental housing, instead.

What is considered a multi family home?

Stated simply, a multifamily home is a building that houses separate residences where more than one family can reside. A multifamily home could be a duplex, or a small apartment, townhome, or condo complex. In the real estate sphere, a multifamily home is a property with four units or less.

How much do duplexes cost?

The national average cost to build a duplex is between $285,000 and $537,000, with most people paying around $388,000 for a 3,000 sq. ft….Cost to Build a Duplex.

Duplex Construction Costs
National average cost $388,000
Average range $285,000-$537,000
Minimum cost $142,500
Maximum cost $1,100,000

Where is the best place to buy a duplex?

The Best Places to Buy a Duplex to Rent Out in 2020

  • Chattanooga, Tennessee. Median Property Price: $164,147.
  • Jacksonville, Florida. Median Property Price: $180,818.
  • Fort Myers, Florida. Median Property Price: $184,479.
  • Atlanta, Georgia. Median Property Price: $306,829.
  • Columbus, Ohio. Median Property Price: $223,950.

Is a fourplex a good investment?

Fourplexes also have lower property taxes than four separate rental properties, making fourplexes a sound investment with good financial returns. This multi-unit dwelling has the potential to be a reliable income property with a strong rate of return because of its high cash flow potential and financing options.

Can I buy a fourplex with an FHA loan?

The short answer: If you buy a multifamily property and live in one of the units, you can use FHA financing. Through 2016 and 2019, there were no fourplexes sold with FHA financing. However, in 2020 a total of (4) fourplexes were successfully purchased with FHA financing.