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What is Multi-family

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The block is asking about land use, and a condo is considered multiple dwellings on the same plot of land.
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Yes, it would seem so. However, why then is there even a section for "2-4 unit" and would a 4 unit condominium be "multi-family" or "2-4 family", and would a community of detached single family dwellings, with condominium ownership be "One unit" or "multi-family". It gets a little tricky. This is why I tend to lean toward condominium units being "one-unit". It then leaves no Grey areas.

What do you think, Chris?
 
2-4 family implies rentals and small income property. That's why its a separate line item. Large complexes (rental or condo) are multi-family. Again, it's all about land USE and distribution in the defined market area.
 
I noticed that some zoning changes are being made in towns to reflect lot size / # of units only...ie. R-E is estate meaning only 1 SFR on a 1+ acre lot; R-1, 1 per lot max lot; R-3 = 2 family per lot; R-4 is multifamily (3 or more units on a lot). R-O is a mixed use designation mainly older houses near the business center or along major arteries that are allowed office use with residence. Condos are R-4 multifamily
 
Chris Colston said:
2-4 family implies rentals and small income property. That's why its a separate line item. Large complexes (rental or condo) are multi-family. Again, it's all about land USE and distribution in the defined market area.
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2-4 implies rental and income but multi family doesn't? :Eyecrazy:

Your condominium is single family attached not multi family.

I just include : single units include attached and detached SFR
 
Found this on Fannie Mae's site. Hope this helps. Goggle is amazing!!!
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You're good Davo...nice catch. That would be my story and I'd stick to it.
 
Chris Colston said:
It's about the utility of the land in the defined market. I've always considered condo land use as multi-family. I think Henry Harrison agrees in one of his books and so did the instructor in a Fannie Mae course when the new forms came out. The block is asking about land use, and a condo is considered multiple dwellings on the same plot of land.

The ones I like are the reports where the land use is 100% single family and yet the narrative comments indicate schools, shopping and other support services are within the defined market area. Don't know about where anyone else comes from but around here, schools, gas stations, convenience stores, grocery stores, medical offices or any other type of office space, golf courses, fire stations and police stations do not have single family use. I don't know any "market" or neighborhood that is 100% single family without some type of additional land use.
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Oh Geez. A lot of the appraisers in my area are guilty of this one. At least they have the common courtesy to tip off the field reviewers that they're just breezing a boilerplated form.
 
State to State differences; all our municipality's view more than one unit as a multi via zoning and land use. 2-4 Family is a breakdown national standard from the forms people, I think; logically, here anything beyond a single family, is a multi family.
 
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