Buying a Multi-Family in Central Square

If you are thinking of buying a multi-family in Central Square the first thing you should know is that you’ll need to have a healthy budget. And there are two reasons why multi-family prices are so high in Central Square:

The first is that there are very limited multis that come up each year - in fact just 6 multi-families were sold around Central Square in 2025. 

The second reason that prices are so high in Central Square is that you are often competing with developers in this section of Cambridge. Condo prices can fetch a serious premium - large 4-bed/3-bath condos are hard to come by in Central Square and developers know they can often sell these for $1.8M to $2.2M+ EACH. So if someone is selling a large 2-family for $2M the numbers very well may work for a developer but may not work if you tried to renovate and rent out the units as a buy and hold investor. 

The result is that it is often hard to buy these days in Central Square and make the numbers work. If you have a ton of cash on hand, these can be good buy and hold investments since these properties are so rare and they always seem to go up in value regardless of market conditions.

So if you are thinking of buying a multi-family in Central Square but aren’t if this is the right neighborhood to focus on given your investment goals, give me a ring and we can talk it out! My cell is 617-833-7457!