Duplex
Quick start guide
Definition:
A Duplex is a residential property consisting of two separate units, either side by side or on different floors, that share a common wall or structure. Each unit has its own entrance, and the property can be owned by one person or entity who rents out one or both units, or it can be occupied by two different owners or tenants.
🔍 Did You Know?
Many investors purchase duplexes to live in one unit and rent out the other, using rental income to help cover the mortgage.
Examples:
Example 1:
An investor purchases a duplex, living in one unit while renting out the other. The rental income helps cover the mortgage payments, making homeownership more affordable.
Example 2:
A real estate investor buys a duplex in a college town, renting out both units to students and earning consistent rental income year-round.
Why It’s Important:
Duplexes are an attractive investment because they allow owners to generate rental income while living on-site. They are also a flexible housing option for extended families or multi-generational households.
Who Should Care:
- Real estate investors looking for properties with dual rental income potential.
- Homebuyers seeking to reduce mortgage costs by renting out part of their home.
- Property managers overseeing small-scale rental properties.
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