Waltham Multi-Family Homes
Waltham, which was incorporated in 1738, is an irresistible and highly walkable community with pretty parks and hiking trails beside the Charles River. These public facilities offer many ideal spots for fishing and swimming. Waltham is located about 10 miles from downtown Boston. There are two MBTA commuter rail stations in this city, and eight public bus routes go through it. Moreover, this community is close to Interstate 95 and a few other interstate highways.
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The housing market in Waltham is impressive. In fact, the average home price in this city was 3 percent higher in 2014 than it was in 2013, and this trend should continue for the foreseeable future. In part, that's because the number of businesses in the area has been increasing.
The average price of a Waltham multi-family property exceeded $466,000 in 2014, a figure that represents a solid increase of more than $2,000 over 2013. Altogether, 51 such residences were sold in the city during 2014. In fact, at any given time, more than two dozen Waltham multi-families might be on the market, and one of them could be waiting for you to swoop in and close the deal.
Some moderately-priced and even a few inexpensive apartment buildings can be found in this city, especially in the Eastview Park and Lakeview neighborhoods. However, more luxurious apartments are the norm in Waltham, and many sections of the city ― Kingston, Waltham Highlands, and Main Street to name a few ― boast such developments.
Waltham multi-families truly run the gamut. There are duplexes, townhomes, row homes, triple-deckers, and more. Given this diversity, you're liable to locate your dream property in this city, a building that you could perhaps own and take care of for a few decades or longer.
From historic homes to luxury complexes, investors will find a range of housing options within Waltham, Massachusetts. Because of its easy access to public buses and two MBTA commuter rail stations, this city is a popular spot for renters. At any given moment in time, there may be two dozen or more multi-unit homes on the marketplace. Investors can quickly check out the listings and visit open houses to find the unit that they need.
While there are many affordable apartments in the area, residents can also find luxury complexes as well. The areas with the most expensive apartments are in Waltham Highlands, Kingston and Main Street. For more affordable investments, residents can check out Lakeview and Eastview Park.
In the last year, the median sales price rose to $528,000. This price advanced by 5 percent from last year's price of $500,500. A year ago, the average price per square foot was $326. Now, the same homes fetch $354 per square foot. Because of the rising prices in this area, investors would be wise to consider investing earlier rather than later. In addition to getting a consistent revenue stream, investors can enjoy watching their home's value quickly rise in ensuing years.
Like most areas around Boston, Waltham has a number of triple-decker properties. Other than triple-deckers, investors can also find a range of multi-unit homes. There are rowhouses, duplexes and townhouses in the area. Larger apartment complexes and luxury options are also available. Whether residents want an affordable, converted mansion or a six-family home, they can find options in this area. To begin your property search, call Boston City Properties today. We can help you locate your dream home and start earning money from your investment.
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