Q: If a property, with one APN, has 5 separate single-family homes on it, is that considered 'commercial' property?

A: The classification of a property as commercial or residential can depend on a variety of factors, including the zoning of the property, the intended use of the property, and the number of units on the property. In the case you described, where a single property has multiple single-family homes on it, the classification of the property may depend on the specific laws and regulations in your jurisdiction.

In general, a property with multiple units may be considered commercial if it is zoned for commercial use or if it is used primarily for business purposes, such as a rental property or apartment complex. However, if each unit is a separate single-family home and is used primarily for residential purposes, the property may be considered residential even if it has multiple units.

In terms of bank financing and insurance purposes, the classification of the property may also depend on the specific policies and guidelines of the bank or insurance company. It's important to consult with your lender or insurance provider to understand how they classify properties with multiple units and what impact this may have on your financing or insurance options.

Overall, the classification of a property as commercial or residential can be complex and may depend on a variety of factors. It's important to consult with a real estate attorney or other qualified professional to understand how the laws and regulations in your jurisdiction apply to your specific situation.