Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

88
Posts
33
Votes
Carl W.
33
Votes |
88
Posts

What to do with 3rd Flr of a Duplex?

Carl W.
Posted

I'm purchasing a duplex with a 3rd floor that is mindblowing. Very spacious! I understand that I legally cannot rent it out as a 3rd apartment because it's a legal 2-Family, which is probably why it was never fully finished. But what should I do with all of that space? There's no way I'd allow it to just sit empty like it is currently. I'm looking for ideas of what to do with the space that could possibly net me some additional income. The plan is to fit the space with a full BA, BR, mini kitchenette, and a large open living/dining space. 

An Airbnb is one idea that I'm tossing around. The second idea is renting it as a long-term "room" that is an extension of unit 2. Another idea I had was moving into it myself and then renting out the rooms on the 2nd floor. It would still be my apartment, I'd just live above it mainly. Any other ideas of things I could do to monetize the space without getting into any legal issues would be appreciated. At the end of the day, even if none of these ideas pan out, I'd still have an epic 3rd floor for family and friends when they visit.

Loading replies...