A multifamily property is a residential building with more than one housing unit—such as a duplex, triplex, or apartment complex. These properties allow investors to generate income from multiple tenants under one roof. While they offer scale and efficiency, they also come with more complexity and management needs. Meridian specializes in single-family rental (SFR) properties because they’re simpler to finance, easier to lease, and often attract longer-term tenants. However, multifamily assets can be a great fit for experienced investors seeking higher density portfolios.