Multi-Family Home

Multi-Family House
A multi-family house is a single property divided into multiple living units. Included here are duplexes, triplexes, or possibly an apartment building. This setup allows separate families or tenants to reside within the same building while sharing some costs, such as utilities or property maintenance. These properties are ideal for rental income or accommodating extended families.
Key Details
Pros: Rental Income: Generate additional revenue by renting out the extra units. Shared Costs: Utility and maintenance expenses are distributed among tenants or units. Flexibility: Owners can live in one unit while renting the others.		Cons: Higher Initial Investment: May require more investment than a single-family home. Management Duties: Landlords must oversee tenant issues, leases, and property upkeep. Noise and Privacy: Tenants may face disturbances depending on the layout.
Best For: Investors seeking passive income, homeowners looking to offset mortgage costs, or families desiring shared yet private living spaces. Sample Initial Costs Range: Budget-Friendly: $90,000–$3200,000 Mid-Range: $200,000–$500,000 High-End: $500,000+
Sample Monthly Breakdown
Cost Item	Budget-Friendly	Mid-Range	High-End
Mortgage Payment	$1,000–$1,800	$2,000–$3,500	$4,000–$6,000
Repairs/ Maintenance	$100–$150	$150–$500	$500–$1,500
Utilities (Shared or Owner Covered)	$150–$300	$400–$600	$600–$1,000
Property Taxes & Insurance	$200–$400	$600–$900	$900–$1,800
Sample Monthly Total	$1,450–$6,650	$3,150–$5,550	$7,000–$9,300+