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Updated about 7 years ago on . Most recent reply

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8
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5
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Ken Nguyen
  • San Jose, CA
5
Votes |
8
Posts

pricing duplex unit in the south bay

Ken Nguyen
  • San Jose, CA
Posted

I'm new to rental property management and I'm having trouble putting the right price on my duplex in the Blossom Hill valley in the Bay Area.. Due to the lack of duplexes, it is very difficult to find comps within reasonable time. Just like others, i do not want to loose profits but i definitely don't want to charge too high risking vacancy. Duplex sits between townhouses and SFH. It has private backyard, garage and privacy but lack amenities covered by townhouses. 

Rentometer is way too skewed by upscale condos.  

Zillow is clueless with duplex.

The upper cap is SFH but how lower should a duplex be when comparing with a comparable specs SFH?

Please advise.

Most Popular Reply

User Stats

312
Posts
136
Votes
Jake Thompson
  • Rental Property Investor
  • Albany, OR
136
Votes |
312
Posts
Jake Thompson
  • Rental Property Investor
  • Albany, OR
Replied

@Ken NguyenDo you have the pro version of Rentometer? They offer the option to search apartments/condos or SFH and duplexes. It also lists the comps it uses. Our company uses this as one approach to get an estimate for rent. Obviously you need to look at the condition of the rental, sq footage, amenities, etc. We offer investors in our markets (San Diego and San Jose) free price analyses and our opinions on the property they are looking at purchasing as well, to help them try to avoid purchasing a bad rental.

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