Commercial Real Estate Property Types

Multi-Family

Multi-Family denotes residential structures containing multiple dwelling units with common areas and facilities.

Subtype

Definition
Low Rise/Garden An apartment development of two- or three-story, walk-up structures built in a garden-like setting; customarily a suburban or rural-urban fringe development.
Government Subsidized An apartment development with all or a portion of the units set at below market rents according to government guidelines and set aside for low and moderate income families.
Mid-Rise An apartment building with four to ten stories, typically elevator-served.
High-Rise An apartment building with ten or more stories, typically elevator-served.
Mixed Use A multi-family property containing a combination of uses where multi-family is the dominant component.
Mobile Home Park Any site with facilities suitable for parking two or more mobile homes semi-permanently.
Student Housing Multi-unit housing for college students.
Senior Living Multi-unit housing intended for the elderly.
Other All other multi-family type properties.

Go back to Property Type Definitions Main Page