A multi-air conditioner for heating/cooling operation may include: at least one indoor unit which is installed in a room, and includes an indoor heat exchanger; an outdoor unit which is connected to the indoor unit through a refrigerant pipe, and includes an outdoor heat exchanger, a compressor, an outdoor expansion valve, and a four-way valve; at least one leakage blocking valve which is formed on the refrigerant pipe, and blocks a refrigerant flow in the refrigerant pipe when a refrigerant leak occurs from the refrigerant pipe in the room; and a buffer unit which is installed on the refrigerant pipe between the indoor unit and the outdoor unit, and collects refrigerant leaking from the refrigerant pipe. Accordingly, when the refrigerant leaks into the room, it is possible to minimize the amount of the leaking refrigerant by collecting the refrigerant in the buffer tank.