Multiunit

Multiunit is a generic term used to describe entities or arrangements that consist of multiple discrete units. In real estate, a multiunit property refers to a property containing several dwelling units that share common infrastructure, such as a duplex, triplex, fourplex, or larger apartment complex. Such properties may be owned by a single investor and rented, or owned by individual unit owners within a condominium or cooperative framework. Financing is usually through commercial real estate loans, with underwriting based on income, expenses, and the rent roll. Property management may be centralized or delegated to on-site managers.

In business and franchising, multiunit describes ownership or operation of multiple locations of a brand or concept. A multiunit operator owns and operates more than one store, restaurant, gym, or service center. Advantages include economies of scale, centralized purchasing, and stronger brand presence; challenges include managing performance variance across units, compliance with franchise agreements, and higher management needs. Unit-level profitability is tracked with metrics like same-store sales, revenue per unit, and operating margin.

Organizational and legal context: The term also appears in corporate and franchising law. Multiunit ownership is typically organized through corporate entities such as LLCs or corporations to limit liability and facilitate financing. Jurisdictional regulations may affect transfer, leasing, labor, and zoning.

Variations: the phrase is often used with qualifiers such as multifamily for housing, or multiunit franchise for the business model.