A multifamily home is a residential property that contains more than one separate housing unit within a single building or a complex of buildings. Each unit is designed to accommodate a separate household, typically with its own kitchen, bathroom(s), entrance, and utility meters. Common types of multifamily homes include duplexes (two units), triplexes, fourplexes, apartment buildings, condominiums, townhouses, and semi-detached houses
. Multifamily homes can range from small buildings with just two to four units to large apartment complexes with many units. These properties can be owner- occupied, where the owner lives in one unit and rents out the others, or fully rented out to tenants. They are often used as investment properties because they can generate rental income and offer benefits like shared maintenance costs and reduced property tax rates in the community
. In summary, a multifamily home is any housing property designed to house multiple separate families or households under one roof or within one complex, providing independent living spaces for each
