What does Multi-family mean?

What does Multi-Family mean?

A Multi-family property consists of multiple distinct living units within one structure or group of buildings. Each unit typically includes separate kitchens, bathrooms, and sleeping areas, allowing multiple households to coexist under one roof while sharing certain amenities or infrastructures.

• Varied Configurations: Duplexes, triplexes, or large complexes with dozens of units.
• Shared Spaces: Hallways, laundry rooms, or communal grounds often maintained collectively.
• Occupant Diversity: Different families or individuals, fostering a sense of small community.
• Income Potential: Owners may lease separate units for rental profits.

Multi-family arrangements appeal to those wanting consolidated living in busier locales, as well as owners seeking to accommodate multiple occupant groups or manage dwellings within a single site.