Selling a multi-family in Spring Hill
The multifamily inventory in Spring Hill really varies tremendously depending on precisely where you are. There are chunks of Spring Hill that are close to the heart of Davis Square or Porter Square. Those parts of Somerville contain a more mature multifamily market and tend to attract buyers who are willing to pay a premium. Other parcts of Spring Hill are closer to Gilman Square which is very much up and coming and in process of gentrification, or Union Square which is a little bit further along than Gilman Square but less further along than Davis and Porter Squares.
So working with a broker who truly understands the nuances, street by street of Spring Hill is critical in understanding who the likely buyer is going to be. In places that are closer to Gilman Square, you're more likely to have an owner occupant multi-family buyer, who is looking to save a penny and maybe make some updates over time. In a place like Davis or Porter Square, you're more likely to have a strict buy and hold investor, who is going to own that property for many decades to come. Understanding who the buyer is will help you determine what work needs to be done.
Let me help guide you in understanding what needs to be done to your particular property, how the property needs to be positioned, and who the property should be sold to so you can maximize the sales price on your Spring Hill multifamily. Give me a call to discuss more, my number is 617-833-7457. By the way, I was the number one agent when it comes to buy and sell side transactions for multi-families in Somerville in 2025, and I'd be happy to help advise you too, like I have many other Somerville landlords over the year!