Kingston Multi-Family Homes
Kingston, located in Plymouth County, is 35 miles south-southeast of Boston.
Neighborhoods
- The Silver Lake and Camp Mishannock neighborhoods, with a median real estate price of $517,734, are among the 32.5-percent highest-priced neighborhoods in the state and 14.3-percent highest-priced neighborhoods in the country. The average rental price, at $2,087, is higher-priced than 71.2-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes; apartment complexes; and high-rise apartments. Most housing units are owner-occupied and were built between 1970 and 1999 and before 1939. There is a vacancy rate of 4.8-percent. The average commute time is between 45 and 60 minutes.
- The Town Center neighborhood, with a median real estate price of $314,184, is among the 68.6-percent highest-priced neighborhoods in the state and 68.6-percent highest-priced neighborhoods in the country. The average rental price, at $1,756, is higher-priced than 49.8-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes; studio to two-bedroom apartment complexes; and high-rise apartments Most housing units are owner-occupied and were built before 1939 and between 1970 and 1999. There is a vacancy rate of 6.1-percent. The average commute time is 15 to 30 minutes.
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This is a small town with 13,462 residents who work in a mixture of white-collar and blue-collar jobs with the fields of computers and math employing more residents than 95-percent of the cities across the country. With 43.04-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $36,464, and $88,694 was the median household income. The average commute for residents is 31 minutes. Residents can use the Plymouth and Brockton Street Railway Company bus service and the MBTA commuter rail system.
Of the 4,699 housing units, 77.9-percent are owner-occupied with a median home value of $517,735 and a vacancy rate of 5.4-percent. Since 2000, real estate values have appreciated 52.03-percent for an annual average of 2.35-percent. While 77.5-percent of the housing units are single-family homes, the housing units also include 1.7-percent townhomes, 5.9-percent small apartment buildings, 9.9-percent apartment complexes, and 5.0-percent mobile homes. At 45.5-percent, most of the housing units were built between 1970 and 1999 with 28.3-precent built before 1939, 17.5-percent built between 1940 and 1969, and 8.7-percent built since 2000. The average rent is $2,087.
This should be a good city for investing in multi-family housing with a potentially good supply of property choices and a good occupancy rate. Our large database will provide the properties on the market from which to choose. Our agents know the area and can guide you to properties in this city that will provide a good occupancy rate and a good return on your investment. They can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.
In this potentially open market, our agents can help you create a marketing plan and set a price that reflects the market with room to negotiate. Our large database will provide access to more potential buyers. When you receive offers, our agents will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
For guidance in this open market, contact us to buy or list a multi-family property in Kingston.
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