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Multi - Family
Multifamily housing refers to properties with more than one household living in them at the same time. These properties range from smaller apartments or condominiums to larger apartment complexes.
Apartment buildings are another common form of multifamily housing. In this type of multifamily housing, each household typically has its own living space, including bedrooms, bathrooms, and kitchens, but shares other common areas like parking garages and yards.
What are the benefits of multifamily housing?​​​
The main benefit of multifamily housing is that it’s usually more affordable than single-family housing. With the current real estate market as it is, it’s more difficult for people to buy a home and this is especially true for first-time buyers. Multifamily developments might contain subsidized units for low-income families, too. Either that or a mix of low-income and high-income. This makes them achievable for most families.