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Beacon Hill Multi-Family Homes

When you think of multi-family homes in Beacon Hill, you probably envision rows of charming, pristine brick townhouses set upon hilly streets that are paved with cobblestones. Among the most popular styles of architecture in this section of Boston are Victorian, Federal, and Greek Revival. Furthermore, some of these homes stand next to the Boston Public Garden and Boston Common, and many of them date back to the 1800s and boast sumptuous details such as gas lamps and hand-carved front doors. Many of these homes also have a tucked-away feeling to them. Despite being located in a major American city, they're tranquil places to be, which many residents especially appreciate after hectic days at work.

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As you might expect, buying one of those buildings is not cheap; if you plan on doing so, you should be prepared to pay seven figures. However, as a Beacon Hill landlord, you can take pride in knowing that you own property in one of the most iconic spots in the entire country. Plus, it's not likely that you'd ever have trouble finding tenants. In fact, you'd probably find the opposite to be true: To fill vacant units, you'd always have large pools of prospective residents from which to choose. In fact, the competition for such a living space might become fierce at times.

Beacon Hill is not one of the larger neighborhoods in Boston ― it's only about 1 square mile in area ― but it's among the oldest. The winding, alluring streets and alleys of Beacon Hill are home to a fine collection of restaurants and boutique shops. At Charles Street, you'll find a station where the MBTA Red Line subway stops, making it easy for residents to reach all the other parts of Boston.

Discover the many multi-unit homes within Beacon Hill. This Boston neighborhood is paved with cobblestone streets that wind along beautiful hills. Along the streets, residents will find charming brick townhouses built in a variety of different styles. Since this neighborhood is one of the oldest in all of Boston, investors can find properties of any age and any architectural style along Beacon Hill's streets.

Right now, the median property in the area sells for $1,125,000. This is a remarkable 59.6 percent increase from last year. During the same time period, the average price per square foot advanced from $995 to $1,066.

Within this charming neighborhood, investors will find Federal, Victorian and Greek Revival architecture. The homes that are the closest to the Boston Common and the Boston Public Garden tend to be the oldest in the area. Many of these units were built in the early 1800s. At the more historic properties, residents will find features like hand-carved doors and gas lamps.

While these units are a part of one of the country's most vibrant cities, they maintain a secluded environment. Because of the desirability of this neighborhood, these homes tend to be fairly pricey. The good news is that investors can generally expect a good return on their investment. Beacon Hill has been one of Boston's top neighborhoods for hundreds of years, so it is likely to keep this popularity over the ensuing decades.

Investors can expect to pay at least seven figures for a multi-unit property in the area. Once the property has been purchased, investors can enjoy having a continued revenue stream. Renters are always looking for properties in the area, so it should never be difficult to find tenants. In most cases, the landlord's hardest job is weeding through all of the applicants who apply for the rental.

Known for being one of the area's oldest neighborhoods, Beacon Hill is about 1 square mile in size. It is filled with unique boutiques, charming alleys and winding roads. Because of its location and historic ambiance, renters flock to the area. To find out how you can find your next investment property, call Boston City Properties today.

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