Selling a Multi-Family in Kendall Square

If you are thinking of selling your multi-family property in Kendall Square, the first thing you should know is Kendall Square multi-families tend to take a bit longer to sell. Even though not that many of them come up, the demand for multi-families in Kendall Square tends to be a bit lower than some other parts of Cambridge like Central Square, Cambridgeport or Harvard Square.

As a result, it’s that much more important to ensure you are doing everything you can to properly prepare the property. Below are a few things you must consider before listing in my opinion:

• Should you list the units vacant or occupied?

• If the property can be vacant, what work should you do to prepare the multi-family for sale?

• Is there a world where it make sense to update the units, rent them out at market rate and then list the property with all units occupied?

• When should you time the sale to attract as many investors as possible?

• How do you communicate showings to your current tenants if one or multiple units are vacant?

• How do you communicate that you are selling to your current tenants?

These are just a few things that I run through in my mind when advising clients on preparing their multi-family for sale in Kendall Square to ensure we are maximizing resale value and terms. If you are thinking of selling your multi-family in Kendall Square but do not know where to start, give me a call at 617-833-7457!