Whether you’re looking to reduce living costs or diversify your investment portfolio, investing in multi-family homes for sale in Boston might have crossed your mind. After all, even first time homebuyers are considering this path to homeownership more and more. The appeal is simple: incoming rents will help offset your mortgage costs, and you’ll build equity.
If you need help deciding if you should invest in a Boston multi-family, you need to take a hard look at your finances and speak to a mortgage professional. In the meantime, take a look at some of the multi-family homes currently on the market in Boston. You’ll find our mortgage calculator in each listing and get a rough estimate of what your monthly payment would look like!
Roslindale 4- Family Listed at $724,900
Approximate Monthly Mortgage Payment: $3,475
Square Footage: 2,554
This is a great investment property in Boston for contractors, seasoned investors or first time home buyers who would like to take on a project. This 4 family home has three 2 bedroom units and one studio apartment. This property has a lot of potential for buyers looking to put in some work for an increase in equity. It’s located in a convenient Roslindale neighborhood that’s close to many area colleges, and local establishments such as restaurants, coffee shops, bars, and specialty stores.
View all multi-family homes in Roslindale, MA
Listing courtesy of Seller’s Representative: Homexe Team, Cameron Prestige, LLC
East Boston 2- Family Listed at $999,000
Approximate Monthly Mortgage Payment: $4,790
Square Footage: 2,190
If you’re looking for a gorgeous, and move- in ready property then this two- family is an excellent option. It’s a great property to add to your investment portfolio or for first time homebuyers who want to live in one unit and rent out the other apartment. One of the units is currently already rented. The property was built in 2004 and the current owners have done a great job at maintaining it well. Unit #1 has 2 bedrooms and 2 bathrooms. Unit #2 has 3 bedrooms and 2 bathrooms. Both units include in-unit laundry, and gourmet kitchens with granite countertops, beautiful cabinets, and stainless-steel appliances.
View all multi-family homes in East Boston, MA
Listing courtesy of Seller’s Representative: Park Hou Group, Splice Realty
Brighton 2- Family Home Listed at $999,500
Approximate Monthly Mortgage Payment: $4,792
Square Footage: 1,900
Investors who are searching for turnkey multi- family homes for sale in Boston please take notice. This property will not last long, so set up a showing today. Unit #1 is currently rented through May 2023. Unit #2 is currently rented through August 2023. Additionally, there’s an in-law apartment located in the finished basement. The kitchens in both units are top of the line with stylish cabinets, solid countertops, and stainless-steel appliances. The bathrooms are modern and equipped with newer fixtures and vanities. Brighton is a great neighborhood of Boston with plenty to do and easy access to public transportation.
View all multi-family homes in Brighton, MA
Listing Courtesy of Seller’s Representative: Anabela Gomes, Urban Realty
Dorchester 3 Family Home Listed at $981,000
Approximate Monthly Mortgage Payment: $4,704
Square Footage: 3,357
This property is perfect for contractors, investors, or first time homebuyers who are looking for 3 unit multifamily homes for sale in Boston with good bones, but need some rehab work. For example, the kitchens and bathrooms need to be refinished, the decks could use a bit of work, and the roof should be replaced. Paint the walls and ceilings, refinish the wood floors, and add a few other touches and you’ll have a great property in the heart of Dorchester and a boost in equity. Each unit has a total of five rooms with three bedrooms and one bathroom.
View all multi-family homes in Dorchester, MA
Listing courtesy of Seller’s Representative: Kerry Dowlin, Leading Edge Real Estate
Jamaica Plain 2- Family Home Listed at $779,000
Approximate Monthly Mortgage Payment: $3,735
Square Footage: 2,046
This charming property, with original woodwork, has a lot of great potential for the new owner. The 1st floor unit includes 2 bedrooms, 1 bathroom, a large kitchen, and even a living room. Private laundry is available in the basement. The 2nd unit has not one but two floors for you or your tenant to spread out in. The first floor includes a nice living room, large kitchen, spacious bathroom, one of the bedrooms, an office, and the in-unit laundry. The second floor includes two roomy bedrooms. It will sell quickly, reach out ASAP!
View all multi-family homes in Jamaica Plain, MA
Listing Courtesy of Seller’s Representative: Love Live Team, Insight Realty Group, Inc
In conclusion, as you can clearly see from the list of multifamily homes for sale as listed above, there are plenty of options when it comes to investment property in Boston. Please check out Boston Pads Real Estate Portal for even more multifamily listings, data, and advice about the current real estate market. We look forward to working with you.
Andrew Pitsios
Published July 7, 2022
