Buying a multi-family in Powder House Square

When it comes to multi-families in Powder House Square, there are a number of price buckets to think through.

The first is 2-families most typically between 2,000 to 2,800 square feet. They tend to land in the $1M to $1.3M range. Generally the higher price points have larger square footage but likely will need some updating and the smaller ones tend to skewer lower price point with fewer updates required.

Your next bucket is a mix of 2-families and 3-families, typically landing in the $1.4M to $1.6M range. The 2-families at this price point in Powder House Square tend to be large, oftentimes 3,000+ square feet and typically in fairly good condition with more cosmetic updates required. The 3-familes tend to be on the smaller range in terms of 3-family square footage, think 2,800 to 3,200 square feet. 

The final bucket is almost exclusively 3-families with an occasional, once-in-a-blue-moon 4-family thrown in. These typically land in the $1.6M to $2M range and these tend to be what I consider large 3-families. Most typically 3,500 to 4,200 square feet of living area. So whereas the $1.4 to $1.6M multis here might have 4 or 5 beds, these properties often have 6 to 7 beds and oftentimes have layouts that allow you to expand that bed count up to 8+ bedrooms. 

Regardless of your budget, I can walk you through what a great multi-family purchase looks like in Powder House Square - just give me a ring at 617-833-7457.