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Multifamily Housing

 
Business Dictionary: Multifamily Housing

Residential structure with more than one Dwelling unit in the same building.

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Real Estate Dictionary: Multifamily Housing
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A type of residential structure with more than one Dwelling unit in the same building.
Example: Multifamily housing is divided into 2 categories:

2-4 dwelling units: Duplexes triplexes, and quadruplexes

5 or more units: apartment buildings

Multifamily housing may be tenant-occupied, owner-occupied (as in a Condominium or cooperative project), or mixed (as many duplexes with the owner occupying one side).

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more