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Updated over 1 year ago on . Most recent reply

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Joseph Macken
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How much should I rent 1/2 of a duplex for? (Poll - please contribute)

Joseph Macken
Posted

Hi BP Community! 
I'm kind of a newbie here, and had a quick question regarding how to price duplex units. 
Here's the relevant info: 
- It's a top bottom duplex, with very similar ±1200 sq ft floor plans, in an older neighborhood of SFHs and small (2-4) multi-unit buildings.
- The lower unit is a 2/1
- The top unit is about 5% bigger, and has an extra bedroom making it a 3/1.

The lower unit is rented for $1,000.
So the question is, how much would you rent the top unit for? 

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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
Replied
Aloha,

It doesn't matter too much what the 2 BR is currently rented for; what matters is current market rates for 3 BR's. Check comparables by size, finish, location, to see what the market is today. You did not indicate where this is located, so impossible to get localized guesstimates.

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