A Triplex is a type of residential building that consists of three separate living units. Each unit typically has its own entrance, kitchen, bathroom, and living space, allowing for independent living. Triplexes are often found in urban areas and can be a popular choice for investors looking to generate rental income from multiple tenants. In addition to providing housing, a Triplex can also serve as a way for families to live close together while maintaining privacy. Owners may choose to occupy one unit while renting out the other two, making it a versatile option for both homeowners and investors in the real estate market.