Selling a multi-family in Gilman Square

The Gilman Square multi-family market is what I consider “up and coming”. As a result, it is pivotal that proper preparation is done to your units in order to maximize resale values. You have to remember, multi-family buyers in Somerville are looking throughout Somerville and often times Cambridge too. 

In other parts of Somerville, buyers will see higher rental prices and lower cap rates, so if your goal is to get the highest price possible, you want to demonstrate that you have great units with nice flows that check a lot of renter boxes. The more you can check those renter boxes, the more we can argue for higher rent prices. And the higher rent prices your units can attract, the more willing buyers will be to pay a premium price for an up and coming area within Somerville.

We also have to consider a potential owner-occupant play. With the new green line T stop in play, I have run into quite a few owner-occupant buyers that are either young professional couples or young professional families who are looking to move into an up and coming section of Somerville. For properties with the right layout, right features, and right square footage, position your property as an owners unit + rental unit can attract the highest prices in some scenarios.

Regardless of your multi-family set-up in Gilman Square, I am here to help. Just give me a call and we can sort it out - 617-833-7457!