Multifamily
Investor Term:
Multifam or MF
Definition:
Multifamily is a term used to describe a property that contains more than one housing unit. Multifamily properties can be either residential or commercial, and they can range in size from small apartment buildings to large condominium complexes.
Example:
Some examples of multifamily properties include:
Apartment buildings: Apartment buildings are the most common type of multifamily property. They typically contain multiple floors, and each floor has multiple units.
Condominum complexes: Condominium complexes are similar to apartment buildings, but each unit is owned by a separate individual or family.
Townhouses: Townhouses are similar to condominiums, but they are attached to other townhouses on either side.
Duplexes: Duplexes are properties that contain two housing units. They are typically attached to each other, and they share a common wall.
Triplexes: Triplexes are properties that contain three housing units. They are typically attached to each other, and they share two common walls.