Multifamily ... or not?

[Kurt Caywood]

I am considering acquiring six units on one parcel of land. It comprises a four-unit building and a duplex. So is the property ...

• A) ... considered multifamily since it's more than five units and therefore valued on a multiple of NOI?
• B) ... two buildings, neither of which is multifamily and therefore worth the appraised value of the real estate?
• C) ... whatever I can talk the lender into?

Thanks. I'll hang up and listen offline.