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A fourplex or quadplex is a property possessing separate entrances for four households. (Five or more units in a single property is referred to as a multifamily property.)
A fourplex property can come in any kind of style, but the buildings usually look more like a large house than an apartment building. In fact, many are larges houses split up into multiple units.
Borrowers may seek a commercial mortgage to turn a home or other property into a fourplex building.