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Updated over 4 years ago,

User Stats

5
Posts
2
Votes
Mike Pastoor
  • Rental Property Investor
  • Zeeland, MI
2
Votes |
5
Posts

How to value a duplex?

Mike Pastoor
  • Rental Property Investor
  • Zeeland, MI
Posted

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?

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