Cities in the US with Inexpensive Duplexes, Triplexes

[Stephanie Medellin]

I see a lot of posts mentioning fairly cheap purchase prices. I've lived in upstate NY, and am now in Los Angeles. I know real estate in upstate NY isn't too pricey, but I wanted to get a feel for some other cities in the US where one could buy duplexes, triplexes, and even 4-plexes for less than $50,000. I'm not talking about markets where every once in awhile there is a fire damaged or severely neglected property at that price, but areas with a good supply of real estate the under $50,000 price range.

Detroit is probably the only place I wouldn't want to go!

[Dawn Anastasi]

Originally posted by @Curt Davis:

there is no such thing as a $20k property in a C+ area, those would be D average at best. Cheap homes normally under $45k usually are bad investments. I have seen this first hand as these investors who buy them within 2yrs are praying for companies like ours to buy them from them. Anyone selling these investments are usually not looking out for their clients.

I bought a home in Feb 2012 for $24,900 and it's almost at 2 years. I'm not praying for anyone to buy it from me, I'll hang onto that one for as long as I can get money out of it. Same goes for the ones I bought for $23,000 and $24,000 -- don't want anyone to take those little money machines away from me!