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Multifamily Property
A multifamily property contains multiple housing units in a residential building, including apartments above or below one another.
A multifamily property contains multiple housing units in a residential building. Census construction definitions include buildings with units above or below one another and certain side-by-side units that share facilities or lack a ground-to-roof separating wall.
That structural classification differs from a count of homes across an entire portfolio. Several separately classified single-family homes do not become one multifamily building merely because they share an owner.
Source: U.S. Census Bureau: Survey of Construction definitions.
Frequently Asked Questions
Are side-by-side units always classified as single-family?
No. Census classification also considers the separating wall and shared building facilities, rather than the side-by-side layout alone.
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