"Multifamily" refers to residential buildings designed to house multiple separate families or households. These properties can include apartments, condominiums, and townhouses, typically featuring shared amenities like pools, gyms, and common areas. Multifamily housing is often more affordable than single-family homes, making it a popular choice for renters and buyers. Investing in multifamily properties can provide a steady income stream for landlords and investors. The demand for multifamily housing tends to remain strong, especially in urban areas where housing shortages are common. This type of real estate investment can also benefit from economies of scale, as maintenance and management costs are often lower per unit.