Which type of residential property typically consists of two units in one building?

The correct answer is that a duplex is a type of residential property that typically consists of two units in one building. Each unit in a duplex generally has its own entrance and living space, often featuring similar or mirrored layouts. This design allows for separate living accommodations while still being within the same structure. Duplexes are popular among homeowners looking for rental income opportunities or for families who wish to live close together while maintaining some independence.

Understanding the concept of a duplex is important in property management, as it differentiates this property type from others that might have more than two units, such as fourplexes or multi-family buildings. Recognizing these distinctions helps in managing these properties effectively and understanding the differing tenant needs and market dynamics involved.