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Multifamily residential, also known as multidwelling unit (MDU), is a classification of housing where multiple separate housing units for residential inhabitants are contained within one building or several buildings within one complex.[1] Units can be next to each other (side-by-side units), or stacked on top of each other (top and bottom units). Common forms include apartment building and condominium, where typically the units are owned individually rather than leased from a single building owner. Many intentional communities incorporate multifamily residences, such as in cohousing projects.[2]
Housing units in multifamily housing have greater per capita value than single family homes.[3] Multifamily housing has beneficial fiscal externalities, as their presence reduces property tax rates in the community.[3]
- ^ Zandi, Karl. "How are single-family and multifamily buildings defined?". Data Buffet. Moody's Analytics. Retrieved 14 August 2017.
- ^ "What is A Multifamily Real Estate Property - Apartment Syndication Companies". BAM Capital. 25 February 2022. Retrieved 26 February 2022.
- ^ a b Gallagher, Ryan M. (2016). "The fiscal externality of multifamily housing and its impact on the property tax: Evidence from cities and schools, 1980–2010". Regional Science and Urban Economics. 60: 249–259. doi:10.1016/j.regsciurbeco.2016.07.012. ISSN 0166-0462.