What is residential house? myITreturn Helpdesk Updated July 10, 2016 21:01 Follow residential property Definition[Save to Favorites][Examples] Property which is zoned for single-family homes, multi-family apartments, townhouses, condominiums, and/or co-ops. Residential house, House, Income tax filing This page explains about the residential house and the conditions under which it is applicable while income tax return filing. Have you filed your Income-tax return yet? Click here to start now. Related articles Which is the year in which capital gains are charged to tax? Comments 0 comments Please sign in to leave a comment.