How Much Does It Cost to Build a Fourplex? (2026)
The fourplex is the last stop before commercial multifamily — four rent checks, still on a residential loan. In 2026, a fourplex typically costs $520,000 to $1,450,000 all-in to build, before land.
That's roughly $130–$240 per square foot and $130,000–$320,000 per unit. Four units spread fixed costs the furthest of any residential build, which is why per-unit numbers here are usually the lowest.
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Why the fourplex is the financing sweet spot
- Up to four units is still residential in U.S. lending — build a fourplex, live in one unit, and you can potentially use owner-occupant financing with a much lower down payment.
- Three tenants help cover your mortgage while you occupy the fourth unit.
- Add a fifth unit and you cross into commercial underwriting overnight — which is why so many investors build to exactly four.
Where fourplex budgets go
- Envelope & structure (foundation, framing, roof, exterior) — about 35–45% of the build.
- Interior finishes — 25–35%, multiplied across four kitchen and bathroom sets.
- MEP — 15–20%, with four separately metered services.
- Site work & permits — the balance.
- Repeating the same unit plan four times is the single biggest cost saver — it turns custom carpentry into an assembly line.
Typical all-in fourplex build cost by size (2026)
| Fourplex size | All-in build cost | Est. per unit |
|---|---|---|
| Compact — 4 × ~1,000 sq ft (~4,000 total) | $520k – $900k | $130k – $225k per unit |
| Standard — 4 × ~1,300 sq ft (~5,200 total) | $650k – $1.15M | $162k – $287k per unit |
| Large — 4 × ~1,600 sq ft (~6,400 total) | $820k – $1.45M | $205k – $362k per unit |
Excludes land. 2026 construction ranges. Local labor rates and code (especially fire and parking) shift these materially — run an instant cost report for a ZIP-adjusted number.
Frequently asked questions
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