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Multifamily Housing - Definition and Benefits

Woda Management


An affiliate of the Woda Group, Inc., Woda Management & Real Estate, LLC, oversees more than 9,000 housing units across 200-plus properties. Woda Management maintains single-family houses and multifamily apartments, as well as living facilities for senior citizens, in 13 states.

Multifamily housing is a type of accommodation geared toward families who choose not to purchase detached single-family homes. Multifamily complexes typically consist of apartments, duplexes, condominiums, or townhomes, with separate housing units for families or groups within a family. Depending on the company providing the housing, multifamily housing units may be purchased or rented.

Multifamily dwellers enjoy several unique advantages over individuals who own single-family properties. For example, certain complimentary amenities, such as gyms or pools, may be available to residents of specific complexes. Other perks include fewer bills and taxes, as well as on-call maintenance staff. Additionally, the close proximity of neighbors may increase safety by deterring home invasions and other crimes.

An affiliate of the Woda Group, Inc., Woda Management & Real Estate, LLC, oversees more than 9,000 housing units across 200-plus properties. Woda Management maintains single-family houses and multifamily apartments, as well as living facilities for senior citizens, in 13 states.

Multifamily housing is a type of accommodation geared toward families who choose not to purchase detached single-family homes. Multifamily complexes typically consist of apartments, duplexes, condominiums, or townhomes, with separate housing units for families or groups within a family. Depending on the company providing the housing, multifamily housing units may be purchased or rented.