What is a multifamily home?

A multifamily home is a type of residential property that contains more than one living unit, typically intended for rental purposes. These homes can be in the form of apartment buildings, townhouses, or duplexes. They may have several floors and several different units. The units can be similar or different in terms of size, layout, and amenities. They are often owned by an individual or a company and rented out to tenants. They are different from single-family homes which are intended for one family to live in.