The Triangle MLS defines six principle types of real estate: Residential: Single family detached, cluster, condo, townhouse. Multi-Family: Apartments, duplex, triplex, quad. Land: undeveloped, vacant lot, farmland, mobile home park, etc. Commercial Improved: Office, Business/Flex, Retail, Industrial, etc. Commercial Unimproved: Land zoned for commercial uses. Rental: Residential/Multi-Family available for rent.
A description of property, which classifies it according to the number of living units and type of structure (example: townhouse, condominium, single family dwelling, multi-family dwelling, etc).