Jamaica Plain Multi-Family Homes
Jamaica Plain is a rich and varied community, and those qualities also distinguish its multi-family homes. To take just one example, you could purchase a Victorian mansion on Eliot Street, one that's surrounded by trees and a stone wall or a picket fence. Indeed, some of the most beautiful houses in the Boston area are Jamaica Plain multi-families.
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You might look into buying a triple-decker in this neighborhood; many of those structures have been renovated and returned to their original splendor. Some look better now than they ever have before. Loft-style living units in Jamaica Plain are growing in popularity and certainly worth investigating. There are a number of apartment buildings in this section of Boston as well.
You'll notice that these homes come in a wide range of prices. However, keep in mind that Jamaica Plain has a reputation for being a place where rents are moderate. Even properties that are located near Brookline, which can be a very expensive place to live, generally charge competitive rents.
As one of the biggest neighborhoods in Boston ― with an area that exceeds 4.4 square miles ― there's always plenty for Jamaica Plain residents to do. They can go sailing on Jamaica Pond, go jogging at one of several municipal parks, or take in a show at the oldest community theater in the U.S. Residents can also ride the Massachusetts Bay Transportation Authority (MBTA) Green Line and Orange Line. Not to mention, this neighborhood has a diverse array of restaurants. With all of these enticements, you shouldn't have any trouble filling up your property as a Jamaica Plain landlord. To the contrary, you may discover that you usually have a waiting list.
Investors will find many varied homes and properties within Jamaica Plain. One Eliot Street, residents will find Victorian mansions and tree-lined streets. In other areas, residents can find triple-deckers and loft-style complexes. There are many different styles of multi-unit homes available in just as many price ranges.
The median home in the area sells for $556,000. This is just slightly higher than last year. At the same time, the average price per square foot rose from $471 to $504. Since prices are just starting to rise, right now is a good time for investors to look at the marketplace here.
Investors can transform large mansions into multiple units or start with larger complexes. This section of Boston is home to a number of apartment buildings and rentals. There are luxury loft units and triple-deckers available in the neighborhood. Many of the historic properties have been completely restored to their original beauty with new amenities and finishes.
Spanning 4.4 square miles in size, this neighborhood is one of the largest areas in Boston. While rental properties are in demand, these units tend to get a more moderate price than properties in downtown Boston. Even neighboring areas like Brookline tend to get more competitive rents for a similarly sized unit. Investors will not have a problem finding potential tenants, but they should also expect a stable, moderate revenue stream.
Known for its convenient location, Jamaica Plain is a great place to call home. Investors will find a wealth of investment options within this thriving area. To find out how you can start investing, contact Boston City Properties today. We can help you discover the perfect investment opportunity in Jamaica Plain.
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