Albion Duplex Properties For Sale

Duplex Properties For Sale

Can I live in one unit and rent out the other?

Yes. Many investors "house hack" by living in one unit and renting the other. Not only can this approach reduce your monthly housing costs, but it can build equity and generate rental income. It's a great way to get started in real estate without taking on the full burden of a traditional rental property.

What are the benefits of owning a duplex?

Owning a duplex offers several advantages for real estate investors. First, you get two rental units under one roof, which can mean more cash flow and lower cost per unit. Second, you can live in one unit and rent out the other, which may help offset your mortgage. Third, duplexes tend to attract long-term tenants. Finally, duplexes and triplexes are often easier to finance and manage than larger multifamily properties. This makes them a solid entry point for new investors.

What should I know about buying a duplex?

Duplexes offer great potential for rental income and long-term appreciation. It's important to research neighborhoods, understand local rental demand, and run the numbers on expenses versus income. Some lots are eligible for an accessory dwelling unit (ADU), allowing you to add a third income-producing unit. Overall, a duplex gives you a practical way to build wealth and diversity your portfolio.