What Is a Duplex?
A duplex is something of a hidden gem in the investment property world. It can produce strong value growth and healthy rental yields, sometimes at half the price of similarly located detached houses. Duplexes are popular among renters too — according to the National Multifamily Housing Council, around 17 percent of renters live in a duplex, triplex, or quadplex. But what exactly is a duplex property, how does it differ from an apartment or townhouse, and is it all too good to be true? Read our short guide to duplexes to understand everything you need to know about this unique property type and whether it is the best option for you.