Properties encompassing multiple residential units on a single parcel represent a distinct segment of the real estate market. These can range from duplexes and triplexes to larger apartment buildings or groups of single-family homes. For example, a property containing a main house and a detached guest house could be considered part of this category, as could a lot with several townhouses.
Such real estate investments offer diverse opportunities for both buyers and sellers. They can provide substantial rental income potential, economies of scale in property management, and potential for long-term appreciation. Historically, these types of properties have served essential roles in housing populations, particularly in urban areas. The evolving demands of housing markets continue to shape the development and acquisition of these properties.
