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You are here: Home / Investment Property / A Great Time to Buy a Duplex, Triplex, or Fourplex

March 6, 2015 by Peter Maclennan Leave a Comment

A Great Time to Buy a Duplex, Triplex, or Fourplex

As a real estate professional, you might expect me to say, “It’s a great time to buy real estate.” You could think I am biased, and I may be.

Right now there are two factors that provide a unique opportunity to invest in duplex, triplex, and fourplex properties.

Interest Rates and Financing

Banks consider 2-4 unit properties as residential properties. This means they are qualify for Freddie Mac and Fannie Mae underwriting guidelines.

You can get a great interest rate on these properties. The rates are going to be 0.5% to 1.0% higher than owner-occupied rates. Right now this means that borrowers with good credit and verifiable income can get an interest rate in the 4.25-4.85% range fixed for 30 years.

Historically rates have been much higher. You can see from the chart below that the historical average since the 1970’s is around 8.4%.

Freddie Mac 30Yr Mtg Rate Chart

 

Underwriting this type of loan is straightforward. For more information on financing these purchases read my article on Financing a Duplex, Triplex or Fourplex.

Borrowers will generally need 25% to 30% of the acquisition price as a down payment to finance the purchase.

If you are considering real estate investing, now is a good time to get off of the sidelines and to invest in well located real estate. Call me today to discuss properties that are currently available on the market at (925) 385-8798.

Walnut Creek Duplex Properties

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  • 1291 Oakland, WALNUT CREEK, CA
    1291 Oakland
    WALNUT CREEK, CA
    Photo of 1291 Oakland, WALNUT CREEK, CA 94596 (MLS # 40916381)
    $2,089,000
    • Lot Size
      8,675.00 ac

    • Home Size
      2,860 sqft

    • Beds

    • Baths

    • Year Built
      1925

    • Days on Market
      199

    View Virtual Tour

See all Real estate matching your search.
(all data current as of 2/26/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Oakland Investment Properties

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  • 37-39 Home Place East, OAKLAND, CA
    37-39 Home Place East
    OAKLAND, CA
    Photo of 37-39 Home Place East, OAKLAND, CA 94610 (MLS # 40938645)
    $1,499,500
    • Lot Size
      4,356 sqft

    • Home Size
      4,379 sqft

    • Beds
      7 Beds

    • Baths

    • Year Built
      1952

    • Days on Market
      5

    View Virtual Tour
  • 476 Wickson Ave, OAKLAND, CA
    476 Wickson Ave
    OAKLAND, CA
    Photo of 476 Wickson Ave, OAKLAND, CA 94610 (MLS # 40936225)
    $1,650,000
    • Lot Size
      4,792 sqft

    • Home Size
      4,900 sqft

    • Beds
      10 Beds

    • Baths

    • Year Built
      1935

    • Days on Market
      26

  • 704 Rand Ave, OAKLAND, CA
    704 Rand Ave
    OAKLAND, CA
    Photo of 704 Rand Ave, OAKLAND, CA 94610 (MLS # 40934979)
    $1,049,500
    • Lot Size
      5,663 sqft

    • Home Size
      5,500 sqft

    • Beds
      5 Beds

    • Baths

    • Year Built
      1912

    • Days on Market
      37

See all Real estate matching your search.
(all data current as of 2/26/2021)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

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Filed Under: Investment Property, Real Estate Investing Tagged With: fourplex, Investment Property, Real Estate Investing

About Peter Maclennan

Peter Maclennan is Sr. Real Estate Broker at Maclennan Investment Group, Inc. a real estate brokerage and advisory firm. From novice investors to institutional property owners Peter provides tailored service to his client's needs. Call him today to discuss your real estate need at (925) 385-8798 or visit him on the web at http://www.maclennaninvestments.com. CA BRE#01801793

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Welcome to Maclennan Investment Group, Inc., your East Bay Area real estate investment advisors. Maclennan Investment Group assists buyers and sellers of real estate maximize the investment potential of their real estate assets.

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Maclennan Investment Group, Inc.
3380 Vincent Rd, Ste HUB
Pleasant Hill, CA 94523
p. (925) 385-8798
Licensed Broker in the State of California, DRE#01871809
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