Real Estate Term
Duplex
A residential building containing two separate units under one roof.
What is Duplex?
A duplex is a building that contains two separate residential units, either side by side or stacked, under one roof and typically on one title. Owners often live in one unit and rent the other to help cover the mortgage, or hold the whole property as an investment. Because it generates rental income, a duplex is a popular entry point for house-hackers and small-scale investors.
Frequently asked questions
Related terms
TriplexA residential building containing three separate units.Detached HomeA freestanding residential structure not attached to any other dwelling.Semi-DetachedA home that shares one common wall with a neighboring property.MortgageA loan used to purchase real estate, with the property serving as collateral.
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