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Property Sub Type Definitions

2 min read

Boat Slip (BSLP)

A place where you can tie up a boat or houseboat.

Cabin (CABIN)

A single-family residence that may have limited utilities.

Commercial/Residential (CMRES)

A mixed-use building is a type of a commercial property that includes both commercial and residential space. One example of mixed use is a single-family property with a ground floor doctor’s office. For most mixed-use properties, the residential portion takes up more square footage than the commercial portion.

Condominium (CONDO)

A unit within a structure where ownership is on a unit-by-unit basis.

Stock Cooperative (COOP)

A unit within a structure where ownership is based on a share of stock and rights to occupy a unit.

Deeded Parking (DDPK)

A parking space (or spaces) that are owned and separate from a residence.

Duplex (DPLX)

A multi family structure with two independent units with a shared wall or ceiling/floor.

Loft (LOFT)

A loft can be an upper story or attic in a building, directly under the roof. Alternatively, a loft apartment refers to large adaptable open space, often converted for residential use (a converted loft) from some other use, often light industrial. Adding to the confusion, some converted lofts include upper open loft areas.

Manufactured On Land (MANL)

A factory-built house that is transported to the lot and sold with the land. The property may or may not have a 433a certification.

Own Your Own (OYO)

A unit within a structure where ownership is based on a partial deed and rights to occupy a unit.

Quadruplex (QUAD)

A multi family structure with four independent units with shared walls or ceilings/floors. 

Single Family Residence (SFR)

A single-family residence on real property.

Studio (STUD)

A self-contained space that houses everything in a single room with a separate bathroom.

Timeshare (TIME)

A form of property ownership under which a property is held by a number of people, each with the right of possession for a specified time interval.

 Triplex (TPLX)

A multi family structure with three independent units with shared walls or ceilings/floors.

Townhouse (TWNHS)

A dwelling unit, generally having two or more floors and attached to other similar units via party walls.