residential property

Definition

Property which is zoned for single-family homes, multi-family apartments, townhouses, condominiums, and/or co-ops.

Use this term in a sentence

You should always make sure that you find a good realtor if you want to get rid of a residential property.

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Their primary area for lending was residential property. While there was some interest in the commercial sector, they were knowledgable.

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The local homeowners were delighted when the commissioners voted that the land across from their community could only be used for residential property.

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