New Duplex/Triplex cost

[Matt Sterling]

I haven't really been able to find a duplex in my area as everything seems overpriced for how old(built in 81/82) they are and the condition they are in.  I can get a good sized lot cheap in my town and was thinking it may work for a duplex or triplex.  Anyone know what kind of costs I would be looking at in south central Indiana?  The older duplexes for sale are listed between 115-121 and most need roofs and complete interior updates.  Can you build new for close to that price?

[Matt Sterling]

Originally posted by @Karen Margrave:

Sounds like there might be some potential there, depending on costs. On the lots you are looking at, are there utilities to the property? Has the property ever been developed? (If so, sometimes you can get credit back on some of the fees) How big is the parcel? Zoning? These are all things you want to look at. 

Good luck. 

 A house used to be on this lot.  My parents bought it in 05 and tore down the house.  It is in front of their business.  It is .43 acres.  Not sure about zoning, this is a small town and on the property cards nothing is listed for zoning for any property. They are all just blank. I don't foresee any issue on getting approval to put a duplex or tri there though. Thanks