Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
How to value a duplex?
I have a duplex that I’m considering selling however it is difficult to find many comps in the area over the past few years. The property is a duplex with 3 bed / 1 bath on one side and 2/1 on the other with tuck under garages for both. The location is a suburb of Minneapolis and
The rent for the 3 bed is $1,100 and the 2 bed is $1,000 with long term renters in both. Because of this I have adjusted the rents in 3 years and they are below market value.
The taxable value is $270k but I believe this is lagging and although work could be done in a bath and kitchen is had a good roof, new doors and windows. Any thoughts?