Multi Family Property

[Raymond Hill]

Hello,

So I was wondering, I noticed that there are a lot of mulit families built in the 1880s - 1920s and I have not seen any new constructions for a multi family property in Rhode Island. Is there a reason for this? My logic tells me that we continue to build single families because it is profitable (people will buy). I believe people would buy a new construction if it was a 3 or 4 unit property. Random thought maybe, but just wanted to see everyone's take on it.