Quadplex
What is a quadplex?
A quadplex is a 4-unit house. Unlike a single family residence ("SFR"), a quadplex contains four completely separated living units under one roof:
- 4 entrances (four different keys and locks)
- 4 kitchens
- 4 separate utility meters (typically)
Why are quadplexes an attractive real estate investment?
Quadplexes are more attractive than SFRs, duplexes and triplexes to many rental property investors because they qualify for residential (non-commercial, 1-4 unit) mortgage loans and allow an investor to diversify tenants while maintaining one common housing structure to maintain. Many investors would much prefer owning and managing a quadplex instead of 4 single family houses or 2 duplexes.
Quadplexes are also wonderful for house hacking as you can live in one unit and rent out the other three units which should easily pay your PITI and provide free cash flow
How do I find quadplexes for sale?
The availability of quadplexes varies based on the local market. Here is where you can find your next quadplex investment property:
- Zillow
- Redfin
- OfferMarket
- Facebook Marketplace
- Craigslist
- Local wholesaler buyer's list