Brookline Multi-Family Homes

Brookline is a quiet suburban community that nonetheless offers a generous variety of urban amenities and pleasures.

Plenty of Victorian homes are located in Brookline, and many of those properties contain either luxurious condos or living spaces for multiple families. Obviously, you can save money by purchasing such a home that's in need of restoration. If you don't have the patience for or interest in such an undertaking, you can always hunt for a Victorian manor that has recently been through a total renovation. It will cost more, of course, but you'll be able to charge more for rent under those circumstances.

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In sharp contrast to those pricey Victorian dwellings, two sections of Brookline offer relatively affordable places to live: Washington Square and Brookline Village. The latter is situated on the Jamaica Plain border. Throughout Brookline, there are also many apartment buildings of varying sizes that are located in close proximity to city parks. Large and gorgeous duplexes and triplexes are staples of the Brookline housing scene as well.

Coolidge Corner is Brookline's main business street, and it features plenty of boutique stores and upscale restaurants as well as establishments where people can grab quick meals to go. Apartments and multi-family complexes that are within walking distance of Coolidge Corner, therefore, appeal to people who want to be close to such businesses.

Here's an important tip for all Brookline landlords: Make sure that you give parking spaces to all of your tenants as the community forbids overnight parking, and offsite parking will cost them at least $75 per month. However, depending on where your property is located, your residents might not even need to own cars. Brookline is highly walkable and accommodating to cyclists. Plus, the MBTA Green Line makes stops there.

Known for its suburban ambiance, this relaxed community enjoys easy access to the rest of Boston. Investors can find a range of homes in the area. This historic area contains a number of Victorian homes that have been converted into multi-unit properties. Investors can find multi-unit homes that are already constructed or spend time transforming a Victorian manor into their dream home.

In the last year, the median price for a home has risen by $50,000. Right now, investors can expect to pay a median price of $842,500. In addition, the average price per square foot has increased from $617 to $683. While there are cheaper neighborhoods in Boston, Brookline enjoys a higher sales price because of its amenities, location and desirability.

While there are many luxury properties in the area, investors can also find sections of the neighborhood that have more affordable homes. Brookline Village and Washington Street includes apartment buildings, duplexes and triplexes at a more affordable price. Investors can also spend a little more on their multi-unit home if they want to ask for a higher rental price. The streets around Coolidge Corner's shops typically have higher rents than other neighborhoods. Renters are willing to pay more to live in this area because of all of the shops, businesses and restaurants that are within walking distance.

Many of the residents in the neighborhood want apartments that come with parking spaces. Off-site parking is expensive, and on-street parking is not allowed overnight. Because of this, renters typically look for homes that have on-site parking. If you want to make sure that your rentals are appealing to every potential resident, make sure that you have parking options. If you need help finding the perfect property in Brookline, call Boston City Properties today.

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