Buying a Multi-Family in Porter Square

If you are thinking of buying a multi-family in Porter Square, it’s important you have a sense of what you’ll need to budget. Less updated 2-families generally start around $1.3M and go to around $1.5M (unless they are quite large, think well north of 3,000 square feet). 

More updated 2-families that could also be utilized as owner occupied units or are just really nice and command higher rents generally go for around $1.7M to $1.9M as of this writing.

Large 2 or 3-families in good condition that are say 3,500 to 4,500+ square feet in Porter Square often will command between $1.9M to $2.1M as of this writing.

Of course, the market is always changing depending on where rents are, where interest rates are, and how strong buyer demand is and how desperately sellers want to sell at any given time. So if you are thinking of purchasing a multi-family and want a better understanding of what you’ll need to budget and what you’ll get at this moment in time, give me a call at 617-833-7457 to discuss!