Mixed-use property
A single property that combines residential and commercial space. A shop with an apartment above it is the classic example. Financing usually falls under commercial loan rules.
Every term like this one lights up in the step you're on.
Free to set up. No credit card.Part 1 of 4
Why a seller cares
A shop with an apartment above sells to a smaller set of buyers, usually on a commercial loan with a bigger down payment. The listing goes to commercial channels as well as residential ones.
Part 2 of 4
A simple example
You own a storefront with a two-bedroom apartment upstairs. The buyer's lender treats it as commercial and asks for 25% down and a commercial appraisal.
| What is different | What it means for the sale |
|---|---|
| Financing | Commercial terms; fewer buyers qualify |
| Appraisal | Income-based as well as comps |
| Zoning | Confirms both uses are allowed, which buyers check |
Mixed-use sells to buyers who read income statements, on lenders who read them too.
Part 3 of 4
What people get wrong
That the apartment makes it a residential sale. The commercial half decides how it is financed.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
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