Real Estate Glossary > M > Multi-Family Definition

A type of home or building with multiple units owned by one or more parties. Condo An apartment you own, as opposed to rent. Condo developments are managed by a homeowner's association that collects monthly dues, maintains operations and enforces policy. buildings and duplexes can be considered multi-family residences; but with a duplex, both the property and the land are recorded on one deed A legal document filed with the county that documents the transfer of home ownership. . Whereas with a condo, the owners only own their individual units, not the common space or land, and each have their own deed.

Redfin shows all the multi-family homes for sale in the MLS and we service tours and offers on these properties with up to four units.