The availability of multi-unit residential properties suitable for two households, located within a defined geographic proximity to an individual seeking housing, represents a specific segment of the real estate market. These properties often consist of two separate living units within a single building, potentially sharing common areas. An example would be a duplex where each unit has its own entrance, kitchen, and bathrooms. This type of property search is typically driven by a desire for co-habitation with family members, rental income opportunities, or the potential for future expansion.
Such properties offer several advantages, including facilitating multigenerational living arrangements, allowing homeowners to offset mortgage costs through rental income, and providing a potential investment opportunity. Historically, these types of residences have been popular in urban areas as a means of addressing housing shortages and providing affordable options for families. The demand for this type of property is often influenced by economic factors, demographic trends, and prevailing interest rates, impacting both availability and price.
