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What does multi family mean

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April 30 2012 - Waikiki
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Answers (5)

Multi family simply means the property has more than one living unit (duplex or above). Usually this means separate utility meters and will be sold as real estate that can be rented out to multiple families. A home with a guest house on the property is generally not considered multi-family. Remember that if you are looking on purchasing a multi-family property a standard residential mortgage will only apply for up to 4 units. Once the number goes above 4 the buyer will need to get commercial financing.
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February 13 2013
Muilt-family generally means 5 and more units. 5 or more units are considered commercial properties and requires a 5 units plus commercial loan. Residential income properties are 2-4 units and only requires residential lending.
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February 13 2013
It can mean a headache if you don't do your due diligence: [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

All it means is multiple dwelling units in one building, or multiple buildings in a complex. It covers everything from duplexes to apartment buildings. 
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February 12 2013
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February 12 2013
A property with 2 or more living units. Duplex, triplex, four family and son on.
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May 01 2012
 
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