Hey everyone! I'm new to this and recently started learning to analyze properties. I'm running into quite a few duplex properties that seem like only one half is for sale. Is this common?
Rental Property Investor · Woodbury, MN · Member since 2018 · 299 posts · 299 votes
5y
In Minnesota you can find twin homes up to quad homes where each can be owned and sold by a separate party. The easiest way I have found to tell the difference is that in the twin-quad home, each of the connected homes will have their own property ID assigned whereas a duplex to quad-plex will all be under one PID. If you are having trouble determining it on the counties website by address search most counties have a gis map tool you can use.
Rental Property Investor · Garden Grove, CA · Member since 2012 · 100 posts · 69 votes
5y
Hi, not sure what part of the country you're in but I think it depends on the area. I've never heard of that in SoCal. However in the Twin Cities area you find those and they're called "twin homes". Still attached like a townhome but no HOA.
Real Estate Broker · Denver · Member since 2020 · 15 posts · 5 votes
5y
Hey Joe, This is super very common in the Denver Market. A lot of the newer builds, 2010+, will be built on a 6250 sqft lot. A builder will build a duplex on the lot and sell each of the sides to home owners, normally.
Real Estate Agent · Denver, CO · Member since 2020 · 103 posts · 65 votes
5y
@Joe Dingee If you are using a Realtor and your local MLS, you can ask you Realtor to try to filter out the half duplexes. In the Denver MLS, both sides of a duplex and small multifamilies actually have a separate search. These would fall under "Residential Income" whereas half duplexes would be listed under the "Residential" search.
Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
5y
@Joe Dingee They have them in my market too (they call them half-plexes here). Just be careful because you never know what you're getting into with the other property owner that's attached to yours. You might run into problems like this: Half of Duplex - Need Roof
Rental Property Investor · Woodbury, MN · Member since 2018 · 299 posts · 299 votes
5y
In Minnesota you can find twin homes up to quad homes where each can be owned and sold by a separate party. The easiest way I have found to tell the difference is that in the twin-quad home, each of the connected homes will have their own property ID assigned whereas a duplex to quad-plex will all be under one PID. If you are having trouble determining it on the counties website by address search most counties have a gis map tool you can use.
Realtor · Bloomington MN (bloomington, mn) · Member since 2016 · 451 posts · 263 votes
5y
@Joe Dingee here we call those twin homes. You can go to the assessors and have them do whats called a combination and they can combine the two properties as one. But 1. you have to own both sides. 2 that would lower the value by a lot. You should get an MLS email of only multi-family properties.