Low-Rise Multiple Residence Type
A multiple residence is a multi-family dwelling designed for permanent or
semi-permanent habitation (as opposed to transient occupancy). Such structures are
three stories or less and of lightweight residential type construction. Each
unit has a kitchen and at least one bath.
Generally, the units are intended for rental purposes, but may be individually
sold as condominiums. Condominium development is considered a type of
ownership and should be priced according to design, quality and type of occupancy.
Additional items related to condominium development not included in the costs are
legal fees, temporary operation of homeowners association and marketing.
You cannot use this type for high-rise apartments (over three stories). Use
the High Rise Apartment occupancy in the Commercial Estimator program for such
structures.