What is multi family property?

A multifamily home is a single building that is divided to accommodate more than one family living separately. They can range from a duplex, which has two houses within the same building, to houses or small apartment buildings with up to four individual units. A multifamily home is any residential property that contains more than one dwelling unit, such as a duplex, townhouse, or apartment complex. If a property owner decides to live in one of their multifamily units, it is considered an owner-occupied property.