Lowell Multi-Family Homes

Lowell is a city in Massachusetts that is located in Middlesex County, which can be found in the northern part of the state. It is the fourth largest city in Massachusetts, and because of the growth that this city is experiencing, it is a great area to consider investing in. The schools in the area are great, the city is easy to reach via car or mass transit, and it is only about 30 miles from Boston.

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Purchasing a Multi-Family Home

There are quite a few options available in the area for anyone who is looking to purchase multi-unit real estate in the area. The two-unit structures have a median price of about $255,000, while the townhouses roughly cost $232,000. There are also quite a few three and four unit options available in this community, so if a potential buyer needs a building with several different units, there will be plenty of options.

With a home that has multiple units, an owner can either keep all of the units for family use, or the units that are not being used can be rented out to other families who are looking for a place to stay in the area. Renting the units will help pay the mortgage as well as provide additional income. When you are looking for this type of home, you will be able to find a close-knit community as well. Many individuals consider duplexes, triplexes, and quadplexes as homes with multiple units, but apartments, townhouses, and condos also fall into this category.

There are quite a few options to consider in the community, and many of them have stainless steel appliances, hardwood floors, and spacious bedrooms. If you are looking for a beautiful home with multiple units in the area, then contact Boston City Properties today so that we can help you find the home of your dreams.

Selling a Multi-Family Home

With such a close proximity to Boston, this is also a great area to sell a multi-unit home. The location is great for commuting to Boston, and since this is a city itself, there are plenty of opportunities in the area for residents to take advantage of. When you are trying to sell this type of home in this area of Massachusetts, it is important to show the best features of the home. This means that hardwood floors, plush carpets, walk-in closets, and double-sink vanities should be shown.

It is also important to show the kitchen and the bathroom in your listing because for many buyers' this will make or break whether they go through with the purchase. Updated appliances, a working fireplace, and an outside space like a balcony will all increase the value of the home, so make sure to display these aspects on your listing.

As is common with sales in any city, the offers that are received for the property are going to vary, and some will even be much lower as an attempt to negotiate a lower point of sale. If you need help listing a home that has multiple units, then Boston City Properties can help you find a buyer that is willing to give you your asking price.

Neighborhoods in the Area

This is a city with eight specific neighborhoods. In general, all of them are safe communities that have good schools, parks for kids to play, and nice places to dine with a family. The eight neighborhoods are as follows:

• The Acre – This is one of the city's earliest neighborhoods, and the architecture of the homes in the area have a New England charm that many buyers love.
• Back Central – This is an area of the city that is located near the mouth of the River Meadow Brook. Homes in this area tend to be cheaper than the rest of the city, so it may be a great place to find a multi-unit home.
• Belvidere – This residential area is located along the Merrimack River. This area is known for its 19th-century houses, which have been updated to have modern conveniences inside.
• Centralville – This is the northeastern area of the city. Many of the homes in this area were built before the 1940s.
• Downtown – This is the area that is on the southern end of the city.
• Highlands – The Highlands is one of the most populous neighborhoods in the city. There are a number of older Victorian homes in this area that have been made into duplexes and apartments.
• Pawtucketville – This is the northwest area of the city. A UMass campus is located in this neighborhood. With that being said, there are quite a few apartments in the area to accommodate the students.
• South Lowell – This is an area that mostly consists of small apartment buildings that have one to two bedrooms.

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