About Duplexes

A duplex is a residential building containing two completely separate living units. While some duplexes have each of the units located on different floors, the majority of them are side-by-side, with each unit being a mirror image of the other. They are a popular option for both homeowners as well as landlords.

Function

A duplex's function is to provide two distinctly separate living units, which share nothing other than an adjoining wall and a roof in the building that houses them. In essence, a duplex represents the convergence of an apartment and a house.

Types

The term "duplex" can be ambiguous, particularly when it comes to real estate and zoning nomenclature. While larger structures are (unofficially) called triplexes and fourplexes, a true duplex in the vernacular consists of only two units. In suburban areas, a duplex is usually a structure housing two side-by-side living units. However, the term "duplex" can have a totally different meaning in an urban setting; it often is interchangeable with "apartment" or "co-op."

Features

A typical duplex has two separate entrances, and a communal property outside. In many instances, the building does not include a garage (but often there is a garage in a separate building), and both occupants equally share any amenities outside.

Considerations

Owning a duplex has many permutations; it can be listed (and sold) as a single property, or each unit can be sold and owned separately. The owner is ultimately responsible for the upkeep on the property, whether he lives on site or not.

Benefits

Owning a duplex has multiple benefits; for homeowners, a duplex is a more affordable option than a stand-along dwelling and can allow a buyer to own a home in a more desirable town. Landlords often live in one of the units and rent or lease the adjoining unit, but sometimes they live elsewhere and rent out both sides.

Resources

• Realtor.com
• Renters' Rights: Resource Center
• LandlordAssociation.org