Buying a multi-family in Assembly Square

If you are thinking of buying a multi-family in Assembly Square there’s a few things you should know. First, there are no multi-families DIRECTLY in the Assembly Square complex. Instead, you will need to focus your search on the Ten Hills neighborhood in Somerville, directly across from Assembly Square. Ten Hills exclusively has 2-family housing stock - so if you want a 3-family or more units, Ten Hills is not the area to target for you. 

Ten Hills 2-families tend to sell in a predictable, tight price range, with most of them selling in the $1.2M to $1.35M range, depending on the square footage and condition. Occasionally, I’ll see 2-families in Ten Hills sell between $1M to $1.1M range - when this happens the units are typically in not great condition OR often times, they are located  on Bailey Rd, which is directly in front of Rt-93, and therefore really loud and less desirable than other streets in Ten Hills.

This area is a great buy for owner occupants - you’ll get excellent access to Assembly Row and Wellington Station as well as easy access to the Mystic River and Rt-93. You’ll also easily rent your units with solid tenants and quickly and I would anticipate rents will continue to slowly tick up over time. If you are thinking of buying a multi-family in Ten Hills, across from Assembly Square, give me a call and I will help ensure a very solid purchase! My cell is 617-833-7457 to discuss in more detail.