Buying a multi-family in Teele Square

When it comes to multi-families in Teele Square, you tend to see mostly 2-families and fairly similar square footage. Most 2-families in this part of Somerville land in the 2,200 to 2,800 square footage range. Most of these 2-families sell in a narrow band, around $1.2M to $1.4M. Generally the higher square footage, more updates 2-families land on the higher end of the range and the lower square footage, less updated 2-families land on the lower end.

Occasionally I’ll see a 3-family or larger, but they don’t come up too often. 3-families around here generally land in the $1.4M to $1.6M range as of this writing, depending on condition, square footage, bed count and layout - but again, not too many pop up each year. 

If you are thinking of buying a multi-family in Teele Square, I can help teach you what a median deal, excellent deal and really bad deal look like. Just give me a call to discuss at 617-833-7457!