You don't provide enough data to know.Every product is only worth what you are willing to pay for it. 

Data point: we have a long-term rental in a popular STR neighborhood listed through Zillow right now.Every person who writes asking to do some sort of arbitrage is blocked by the Zillow platform.I don't even have to say "no thank you anymore."  

Now if you're one of 10 investing in something - say a million each into a $10 mil complex - that's a different story.

What if you have an apartment complex with 20 units?

@Saul Vargas, to piggyback off others, sourcing a traditional SFH rental that meets your underwriting criteria will be complex due to interest rates and market conditions.

I was able to push back and provided more data, he adjusted to $1,335,000.

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

The replacement cost (cost to rebuild, not the value of the property) data providers are pegging the quadplex at close to $2M and most 1-4 unit rental property insurance programs tap out at $1-1.5M before you'd end up in a commercial insurance product.

I've spent HOURS onboarding my properties and data manually. 

In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns.