How much does it cost to build a fourplex?
Correspondingly, how much does it cost to build a quadplex?
This sort of building, however, would not come in at the lower cost of $85 per square foot due simply to the excessive amount of construction required. A two-story unit of wooden and masonry construction with four duplex units would run roughly $552,000 in total costs.
Beside above, how much does it cost to build a 4 unit townhouse? The above figures place this construction at a $119 per square foot cost, though national average stands between $85 to $125 for most commercial or multiple unit projects.
Similarly, you may ask, how much is it to buy a fourplex?
FHA requires as little as 5% down on multi-family purchases, with loan limits in most areas of the country of $403,000 for buying a duplex, $487,000 for triplex apartment buildings, and $605,500 for buying a fourplex.
How much does it cost to build multifamily?
According to the most recent cost estimates, multifamily apartment construction currently costs between $64,500 to $86,000 per unit.