A summary of potential development strategies: Add Units to Existing Apartment Site: You can increase density by adding units under current zoning and accessory dwelling unit (ADU) regulations. This could involve transforming underutilized areas, such as basements or attics, into additional rental units. Build New Units on Vacant Parcels: Utilize the vacant lots to construct new housing units. You can tailor these developments to meet market demand, whether for affordable housing, luxury apartments, or townhomes. Demolish Existing Buildings: If the current structures aren’t generating sufficient income or are in poor condition, demolishing them could be a viable option. Developing the entire site allows for a more unified design and maximizes density. Land Bank Vacant Lots: Holding onto vacant lots can be a smart strategy, particularly if you expect future growth in the area. This allows you to wait for the right time to develop, potentially increasing the properties’ value.