2138 Painters St
Residential Income
2 Beds, 1 Bath on each side
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Each side of this duplex is laid out as a 2 bed, 1 bath unit, about 1,534 square feet combined on a 3,300 sq ft lot. Matching floor plans keep turnover simpler: one paint color, one fixture list, one rent comp to research. For a buy-and-hold investor, identical units also make it easier to compare actual rents against what similar 2-bed units are leasing for nearby.
Buying with tenants means inheriting their leases. Before you commit, ask for current rent amounts, lease start and end dates, security deposits held, and any payment history the seller can share. Find out whether rent is paid entirely by the tenant or partly through a housing program. Those answers drive your real income on day one, not a projected number.
Price is only half the math. Pull the property tax bill, get an insurance quote for a two-unit building, and find out who pays water and other utilities. Set aside reserves for vacancy, repairs, and capital items like the roof and HVAC. A duplex at $155,000 only works if net income after those costs supports the return you are targeting.
Occupied units usually require notice before a walkthrough, so coordinate access through us rather than contacting tenants directly. Focus on the items that cost the most: roof, plumbing, electrical panels, and signs of water intrusion. Because each side has its own kitchen and bathroom, inspect both units, not just the one that happens to be easier to see.
If you are building a small portfolio, look at this alongside the other residential income properties on our current deal list. The Spain Street duplex, for example, is offered with seller financing terms, which changes how much cash you need at closing. Comparing structures side by side helps you choose the one that fits your capital.
Photos and specs only go so far. Use the form on this page or call to request whatever documentation the seller has available, such as leases and expense figures. All deals are subject to prior sale. If you want to know how we source properties like this one, our about page explains where these deals come from.
Off Market Property Pro also mentors investors who want to go direct-to-seller and build their own off-market pipeline — wholesaling and subject-to strategies, taught step by step.