Fenway Multi-Family Homes

Obviously, the Fenway is the Boston neighborhood where the fabled Red Sox play their home games. However, it's much more than that; it also offers some of the most enticing multi-family homes in New England. For example, on Commonwealth Avenue, you'll find long rows of elegant townhouses that stretch all the way into the Back Bay. Furthermore, many of the apartment buildings in the Fenway were built during the mid-1900s or before, and they feature intricate exterior and interior details and exceptionally fine woodworking throughout.

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Be aware that several exclusive high-rise residential buildings have either opened recently or are under construction in the Fenway. But there are still plenty of condo complexes and apartment buildings there that provide great value to landlords. Plus, the presence of those luxury high-rises helps to attract upscale businesses, making the entire neighborhood more fashionable and ultimately driving up rents. Therefore, Fenway multi-family properties should become even more lucrative in coming years.

Fenway residents can enjoy the many bars and nightclubs on Lansdowne Street. The neighborhood is also full of supermarkets, eateries, shops, and public transportation options. On top of that, people who visit this area for the first time are often struck by how much green space there is; the public parks in this part of Boston are spacious and lush.

Finally, for sports fans, it's hard to beat owning property and living just steps away from one of the most renowned locales in professional baseball. When the Red Sox win, those fans can celebrate together, and when the team loses, they can console each other and eagerly await the next game.

While Fenway might be most famous for the Red Sox, it is also the site of multi-unit homes and gorgeous townhouses. Some of the best multi-unit homes in the city are found within this area. Because of the popularity of this neighborhood, residents will find many high-reside residential complexes in the area. These rental properties have made the area extremely competitive, but there are still a number of investment options that landlords can find in the area.

Within this region, residents will find rows of gorgeous townhouses along Commonwealth Avenue. Larger apartment buildings in the area were typically built during the middle of the 1900s or earlier. In these properties, buyers will find gorgeous woodworking and intricate details.

While the high-rise buildings might get a lot of the attention in Fenway, they actually help the rental marketplace grow. The presence of these high-rise complexes brings in more businesses in the area and upscale boutiques, which in turn brings in new residents. This has caused the entire neighborhood to develop a more upscale appearance, which is good news for multi-unit homes.

In the last year, the price of a home in Fenway has increased by $90,000. The median sales price right now is at $615,000. During the previous 12 months, the average price per square foot rose from $775 to $905. The rising prices in the area are only expected to continue. With rising prices and the presence of upscale shops, investors can expect a decent return on their investment.

With so many multi-unit homes available, it is important for investors to find the right property. If you are looking for the right investment, Boston City Properties can help. Call us today to find out how we can help you locate the perfect investment property.

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