Duplex purchase in Portland, OR

[Martine Torres]

Hello!

I received an accepted offer on a duplex in SE Portland, Oregon for the purchase price since it was relisted due to a prior sale fail. The duplex has a new roof but it needs work: new interior and exterior paint, landscaping, new fence, remodeled kitchen and bathroom, new appliances and windows. One side is currently rented. I’m trying to determine if the upfront cost to renovate the unit (I plan on living in the current vacant side and renovating it) will be worth it so I can rent it out for more down the road. This will be my first home I will buy.  

What are your thoughts on buying a duplex as a first property and if it’s worth the cost?