What Is a Duplex in Real Estate?
A duplex is a residential building divided into two separate living units—each with its own entrance, kitchen, and utilities. Duplexes can be side-by-side or stacked (one unit above the other) and are often owned by a single person who lives in one unit and rents out the other, or sells both separately depending on zoning and ownership structure.
🏡 How a Duplex Works
When you buy a duplex, you typically own the entire structure and the land beneath it. Each unit has its own address or number, but both are part of one property deed. Many duplex owners choose to occupy one side while renting out the other, creating a blend of homeownership and investment income. Some local ordinances also allow duplex units to be sold separately as condominiums.
🏠 Duplex vs. Single-Family Home
- Ownership: A duplex includes two living units under one roof; a single-family home has only one dwelling.
- Income Potential: Duplexes can generate rental income while the owner lives on-site.
- Financing: Lenders may view duplexes as investment properties, impacting loan requirements and insurance.
- Privacy: Duplexes share a wall or floor, while single-family homes are fully detached.
✨ Pros and Cons of Duplex Ownership
Advantages: Duplexes offer affordability, rental income, and flexibility for multi-generational living.
Drawbacks: Shared walls can reduce privacy, and local zoning rules may limit how units are used or rented. Maintenance responsibilities can also increase if both units are owner-managed.
📢 Selling a Duplex FSBO
Selling a duplex “For Sale by Owner” can be especially rewarding for investors or owner-occupants who want to avoid high commissions. You can list your duplex on the MLS through Brokerless for a one-time flat fee, giving your property full exposure on Realtor.com, Zillow, and local MLS systems while saving thousands in agent fees.