This triplex is packed with fun, for example, 2 bedrooms are totally upgraded with designer colors, the 3rd bedroom has a walk-in closet & private bath, throughout the main floor there’s gleaming hardwood floors and a cozy gas-log fireplace, there’s also an all-new kitchen that overlooks the living room & large backyard. The basement is fully finished with a 1/2 bath & spacious rec room; this triplex is within walking distance of schools while offering easy access to I-65 and shopping malls just down the street.

Cost to build triplex

The cost of building a triplex is going to depend on the size and type of structure. In general, it will cost more than building a single-family home but less than a four-plex or apartment building

The construction costs for a triplex can range from $200,000 to $300,000 depending on the size and amenities. This includes both the cost per square foot of the finished home as well as the construction costs. For example, if you are building a 1,500 square foot duplex with two bedrooms and one bathroom each side, your total construction cost would be around $150 per square foot ($150 x 1,500 = $225,000). If you were building a rectangular triplex with two 2-bedroom units on each side and two 2-car garages then your total construction cost would be around $200 per square foot ($200 x 1,500 = $300,000).

In most cases, there is no increase in taxes when building multiple units instead of just one home at the same location. However some counties do charge additional fees based on how many units you are building in one area (for example: Los Angeles County charges an additional amount per unit).

Buying an Existing Triplex

Triplexes are one of the most versatile ways to own real estate. A triplex is a building that has three units or apartments, each with its own entrance. Triplexes can be built from scratch or purchased as existing properties. The cost of building a triplex depends on the size and location of the property.

The cost to build a triplex depends on several factors including the size of the property, location and quality of construction materials used. To calculate an accurate estimate for building a triplex, you must first determine how much it will cost to purchase an existing triplex or build new one from scratch.

The average price per square foot for an existing triplex ranges between $100-$120 depending on location and condition according to mls data collected in 2017 by Trulia and Realtor.com . The median price for existing triplexes sold in 2017 was $257,500 which is 6% higher than 2016 but still lower than previous years due to recent economic conditions affecting real estate prices across the country.