What is a multifamily home?

Types of multiple family characteristics

Not all characteristics of multiple families are the same. In fact, multifamily homes can come in a variety of shapes and sizes depending on what you’re looking for. Although we’ve spent a lot of time on the legal distinction, it probably makes more sense from this point on to talk about multifamily properties the way people usually refer to them – anything with multiple units.

Let’s look at some examples below:

Duplex, triplex, quadruple

Typically a “plex” home is a single family home divided into multiple units. All of these units can share one wall with the other, but in order to meet the definition people usually think of as a multi-family property, these homes must come with separate entrances, separate utility counters, and separate kitchens and bathrooms.

Various “plex” houses can be distinguished by the following factors:

  • The duplex is a multi-family house consisting of two units on one plot of land.
  • Triple is a multi-family house with 3 units on one plot.
  • The quadplex is a multi-family house of 4 units on one plot of land.

It is important to distinguish the phrase “one piece of land”. In some cities there are real estate called “Twin House” where the property is look Like a duplexer, but each unit is on a separate plot even though they still share a common wall and chassis. Each of these plates can technically be considered a single family construction.


Condominiums, or condominiums, differ from apartments and condominiums in that it is a matter of ownership – the condo owner really only owns what is in their unit. They “share” the ownership of the common areas of the apartment: pool, gym, common walls, etc. That’s why apartments always come with a Homeowners Association (HOA) that governs the building, collects payments from each owner and takes care of the maintenance of the common areas. These are usually handled by single family lenders.


From a property perspective, condominiums usually have neighbors on all sides (left, right, up, and down). This can make privacy, noise, sharing common walls, and using amenities with neighbors some of the main concerns of apartment living. Usually one person owns the apartment complex and rents each unit separately, but some apartments can be owned, in which case they will be considered condominiums.

Remember that any property with more than 4 units is commercial property, even if it is used for residential purposes. This makes most apartment buildings commercial properties because most apartment buildings come with more than 4 units in each building. Additionally, when legally referring to multi-family properties, they generally mean apartment buildings.

Residential complexes can also contain more than one building on a single plot or plot. missile mortgage® Do not lend on apartment buildings.


In terms of ownership, townhouses are very similar to condominiums, but a country house actually refers to the architectural style of the house and how it was built.

Townhouses differ from apartments and duplexes because they are often built as a detached house, rather than built as a single-family home and then divided into separate units. They can have multiple levels, but homes can share a connecting wall between each unit.

Townhouses are usually built in rows, usually in cities where land and real estate are at a premium. Because of the shared walls, though, all owners work within the HOA that governs the entire property. Single-family lenders like Rocket Mortgage offer home equity loans.

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