A regular hosting account with add-on domains allow you to do that. The only drawback is that you get access to only one control panel.
If you need a control panel for all domains, a reseller account is your best bet.
YourCheapHost.com - Low cost multi domain hosting solutions. [Legal adult content friendly] Reliable web site hosting is our motto. We have Alertra stats to back that up. Proven provider of high quality shared and reseller accounts since 2002.