Somerville Multi-Family Homes
Just south of Medford and north of Cambridge is the exuberant city of Somerville, established in 1842 and 4.25 square miles in area. The most well-known part of Somerville is Davis Square, which is packed with stores, diners, restaurants, and nightclubs. A list of other important squares in the city would include Ball Square, Union Square, and Magoun Square, each of which serves as a center for businesses. The MBTA Orange Line and Red Line provide this city with transportation, and Green Line stations should be opening there in the near future. Also appealing, Somerville is a place that's easy to traverse on a bicycle or on foot.
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In Somerville, you'll come across entire neighborhoods that are devoted to multi-family properties. The most common kinds of multi-family residences in this city are apartment buildings and triple-deckers; the latter group, of course, is prevalent throughout the greater Boston area. Even so, if you're looking for, say, duplexes in Somerville, you'll be able to find them, including some that come with lovely fenced-in front and back lawns. This community can claim plenty of non-triple-decker triplexes as well.
Somerville is a densely populated place, in part because there are so many colleges and universities in the vicinity. At the same time, it doesn't feel overcrowded at all. Rather, it has a bustling and invigorating feel to it, and every corner of the city has its own unique style. With all of that in mind, your best bet if you're looking to purchase a Somerville multi-family is to take your time, go to a number of open house events, and carefully inspect the properties that you visit. You're sure to find a residential building that you'll fall in love with ― whether it's an old Victorian mansion, a small and ultramodern condo development, or something in between.
This beautiful section of Massachusetts is located to the north of Cambridge. Spanning 4.25 square miles in size, Somerville is placed to the south of Medford. Because of its proximity to the MBTA Red Line and Orange Line, this city is a popular spot for renters who want city access without the accompanying cost. Since the Green Line is also opening up in the area, investors can buy a property now before home prices rise to match the new amenity.
Homers around Davis Square typically sell for a higher price. This area is home to many shops, nightclubs and restaurants, so many renters live in the area so that they can walk to local amenities. Within Somerville, investors will also find many different multi-unit properties. There are entire streets devoted entirely to multi-unit dwellings. Triple-deckers, duplexes and apartment complexes can b readily found throughout the area. At the duplexes, buyers will typically find large yards and tree-lined streets.
While this city is not a part of Boston, it has a surprisingly high population density. Because of the many colleges in the area, renting is a popular option for residents. Landlords can readily find tenants throughout the year, but it is especially easy to find renters right before school starts.
Finding the perfect property in Somerville does not have to be hard. There are many open houses throughout the month that investors can check out. With time and patience, investors can find the residential building they need for their next investment. With options ranging from luxury condos to Victorian mansions, investors can quickly locate the right property. To get help on your next property search, call Boston City Properties today.
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