Which type of commercial real estate is characterized by multiple family rental properties?

The type of commercial real estate characterized by multiple family rental properties is indeed apartment properties. This classification includes residential buildings that are designed to accommodate several rental units, typically in a location where families or groups of individuals can reside. Apartment complexes often consist of several individual units within one or more buildings and provide shared amenities such as parking, pools, or recreational areas.

This distinguishes apartment properties from other categories of commercial real estate. For example, office spaces are designed for business activities, industrial properties are utilized for manufacturing and distribution purposes, and retail properties are intended for selling goods or services directly to consumers. Each of these categories serves a different function, with apartments primarily focused on residential living and rental income generation from multiple tenants.