Is it possible to use a custom IContent type as a property on a page/block/content?

For example, lets say I have the following class:

[ContentType(DisplayName = "Address", GUID = "89d1de01-1963-478f-bc27-1cdff8470c69", Description = "")]
    public class Address : IContent, ContentBase
    {
        //ContentBase and custom properties omitted for brevity
    }

And I want to use it as a property (like a local block, but not a block) on a page/block/content:

    [ContentType(DisplayName = "Location", GUID = "e6c37d80-1de3-434e-a1d1-7a050e15a97f", Description = "")]
    public class Location : ContentBase
    {
        //other properties omitted for brevity
        public virtual Address Address { get; set; }
    }

This errors complaining about the property not being able to be mapped to a PropertyDefinitionType.

I know that I can implement complex custom properties (storing the values as JSON) using PropertyDefinitionTypePlugIn, but if possible, I'd like to leverage the "local block" functionality to render those fields automatically.  Is there a way to treat custom IContent properties the same as a "local block?"