What type of property is defined as an individually owned housing unit in a building with several such units?

The definition of an individually owned housing unit in a building with several such units aligns precisely with a condominium. In a condominium setup, each resident holds a title to their specific unit while sharing ownership of common areas such as hallways, elevators, and recreational facilities with other unit owners. This distinction is what sets condominiums apart from apartments, where units are typically rented rather than owned.

Single-family homes are standalone structures that are not part of a larger building, and cooperatives involve ownership of shares in a corporation that holds the title to the entire building, rather than individual deeds to specific units. These distinctions clarify why the correct answer is condominiums, as they uniquely represent the concept of ownership within a multi-unit building context.