Multi Family Housing | Duplex | Triplex | 4-plex and Fourplex | Apartments | Accessible Housing

A type of residential structure with more than one Dwelling unit in the same building. Example: Multifamily housing is divided into 2 categories: 2-4 dwelling units: Duplexes triplexes, and quadruplexes | 5 or more units: apartment buildings. Multifamily housing may be tenant-occupied, owner-occupied (as in a Condominium or cooperative project), or mixed (as many duplexes with the owner occupying one side).

Government Resources for Multi-Family Housing: Multi Family Housing Programs | National Multi Family Housing Council | The EPA and Multi Family Housing | Washington Multi Family Association | USDA Rural Development Funding | Fair Housing Access Forum

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Duplexes are two homes having a single tax ID. These are preferred by countless first time real estate financiers. Some proprietors will reside in half and utilize the other half for a relative or as a supply of rental profits, while others will lease out both sides. Tenants generally like duplex planning, since not like a bigger apartment center or condominiums they may often have a portioned yard that the occupant can take benefit of. Because of this, leases on each side of a duplex are often approximately as significant as they would be for a lone family residence of a related dimension and design. As leases go, not like a lone family residence, it will at all times be some rent arriving in for one side even if the other side is, for the time being, empty...[more on Duplexes]

Whether you are into a multi-family property as a way to make your first mark in the real estate investment industry or just because you saw a great opportunity for a beautiful property, there comes a time during anyone's course of ownership when selling the property becomes a necessity. For some, that happens a short while into the process and for others it could be decades down the road, but that day does come for all property owners of multi-family homes...[more Multi-Family Statistics]

Living in a duplex in the Tri Cities is really nothing like having a neighborhood with a nice patch of grass in between walls. Instead, what is most likely a few feet of cinder block separates two entirely different living spaces packed with people with entirely different living habits. These close quarters do of course save on the Kennewick, Richland, Pasco, and/or West Richland rent or a purchase payment each month, but can lead to some tense times if the music gets too loud or the parties get too wild...[more on Duplex Etiquette]

For those looking to get into managing Tri City Wa real estate and living off of investment income through rent payments, a multi-family home is often the first step on that journey. Instead of taking on a huge commitment like a more developed apartment building or going after fixer-upper properties, many real estate investors get their feet wet being a landlord for a multi-family home, tending to the disparate needs of two to four families and working constantly to make sure that units are filled with happy, paying tenants...[more on Multi Family Stepping Stone]

Owning or living in a Tri City Washington multi-family property like a duplex or four-plex involves a unique set of issues specific to putting very different families in relative close proximity to each other. The multi-family properties that see the most stability are those that build a sense of community over time. Though there may only be a handful of people in the property, the cohesiveness of those people will go a long way towards determining the financial future of the property for the landlord and the residential stability for the people living there...[more on Multi Family Ecosystem]

This Squidoo Lens on Multi-Family housing is a courtesy of Joe and Colleen Lane, "The Lane Real Estate Team." Our business is in Tri-Cities Wa real estate, serving Kennewick Wa real estate, Richland Wa real estate, and Pasco Wa real estate and surrounding communities.
Tri City Washington Country Homes | Colleen Lane Blogging

Some of this work is licensed under a Creative Commons License. All original work, design, and imagery is Copyright© 2007-08 The Lane Real Estate Team.

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