What is a duplex?
A duplex is a 2-unit house. Unlike a single family residence ("SFR"), a duplex is two completely separated living units:
- 2 entrances
- 2 kitchens
- 2 separate utility meters (typically)
Why are duplexes an attractive real estate investment?
Duplexes are attractive to many rental property investors because they qualify for residential (non-commercial) mortgage loans, allow an investor to diversify tenants while maintaining one common housing structure. Duplexes are also great for house hacking as you can live in one unit and rent out the other unit.
How do I find duplexes for sale?
The availability of duplexes varies based on the local market. Here is where to find duplexes:
- Facebook Marketplace
- Local wholesaler buyer's list