Sometimes, as with a daybed or storage bench, the multifunctionality is built in — other times it's just a matter of how you use what you've got.
For the latter case, it might be a bookcase that doubles as a room divider (Images 1 and 4) or a dresser that can pull its weight as a nightstand (Image 5). With the right planning and placement, a set of drawers can become a table leg (Image 8) and shoe cabinets can also function as a shelf (Image 10).
1. Bookcase / Room Divider
2. Seating / Sleeping and Stool / Side Table
3. Storage / Seating
4. Room Divider / Shelving
5. Dresser / Nightstand
7. Two Beds in One
8. Storage Chest / DIY Desk
9. Bed / Book Storage
10. Shoe Cabinet / Display Shelf
Images: 1. Flickr user Queenieinmanhattan via Apartment Therapy 2. West Elm 3. Better Homes and Gardens via Apartment Therapy 4. Ariel's Wrap Around Jewel Box 5. Kristen Lubbe for Apartment Therapy 6. DoJo 7. Crate and Barrel 8. Manhattan Nest 9. Killorn via Apartment Therapy 10. Sofie Lawett via x4duros
(Re-edited from a post originally published 6.2.11 - JL)