Home Buying in Nonamtum>Question Details

Sum, Home Buyer in Nonamtum, Newton, MA

I'm looking for a duplex so I can live in half and rent out the other half. How is this classified in searches?

Asked by Sum, Nonamtum, Newton, MA Sat Apr 7, 2012

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8
Thank you everyone for your answers. We've just begun looking. This is very helpful.
1 vote Thank Flag Link Tue Apr 10, 2012
I would agree that Multi-Family will narrow down your search on Trulia and in MLS. Two-family would be the classification or duplex and sometimes an agent will advertise it in other ways if they feel it can be a condo conversion. I work for Hammond Residential in the MetroWest area and would be glad to help you with your search if you may be looking outside of the Newton market. It would be helpful for you to talk with a mortgage professional to understand the qualifications of a multi-family loan and obtain a pre-approval letter. I would be glad to recommend some if you aren't working with someone already.

Let me know if I can be of help,

Lynne Hagopian
LHagopian@hammondre.com
508 648-0393
0 votes Thank Flag Link Wed May 2, 2012
I think you are looking for multi family properties and there are quite a few on the market in Newton. Here is a link to them all:
http://goo.gl/JEZDt

Hope that helps!
Web Reference: http://territory.com/
0 votes Thank Flag Link Mon Apr 30, 2012
Best of luck with your search. It is listed in MLS as a 2-family or duplex or mult-family. Some agents may list it as a single family as well if they think it could easily converted to a single family. Make sure to contact a Mortgage person so you understand what the banks require for financing a owner occupied 2-family. The mortgage limit amounts are higher which is good.

We have a great mortgage person that handles mulit families if you need any help. I personally own 2 myself and am happy to answer any other questions you may have.
0 votes Thank Flag Link Sat Apr 7, 2012
"Multi Family" on MLS, Trulia and Zillow. Let me know if you need any help in your search!
0 votes Thank Flag Link Sat Apr 7, 2012
What the others said ... and Some times called a "Multi-family".
0 votes Thank Flag Link Sat Apr 7, 2012
That would be classified as a two-family for searches.
0 votes Thank Flag Link Sat Apr 7, 2012
This is typically classified as a 2 family or duplex in the MLS.
0 votes Thank Flag Link Sat Apr 7, 2012
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