Multi-family homes are in high demand across the country. However, not every buyer has experience or is qualified to manage a property with multiple units. One increasingly popular way for prospective property owners to gain some experience as landlords in Boston is to purchase a two-family home. This is a great way for first time homebuyers to not only acquire a new property, but to also rent out the second unit to help pay for their mortgage. Here are some two-family homes in the Greater Boston area for sale under $800,000.
Dehli Street, Mattapan. Listed at $725,000
This two-family home is in the Mattapan neighborhood south of downtown Boston. It has two separate home units, with 3 bedrooms and one bathroom each, as well as living areas and kitchen. The property sits on a corner lot with over 6,300 sq.ft. of land, and each home offers over 1,000 sq.ft. of living space over two stories. This property has hardwood floors throughout, as well as a spacious yard.
Mattapan is a neighborhood nestled between the Jamaica Plain, Roslindale and Dorchester areas of Boston. It has a wide selection of nearby dining and entertainment options and is close to major hospitals. It’s located a 25 – 30 minutes commute to downtown Boston, as well as near a commuter rail station and multiple bus routes.
Listing courtesy of Daniel Jeannite- Boston Trust Realty Group
Baker Street, West Roxbury. Listed at $735,000
This property is located on Baker Street in West Roxbury. It consists of two adjacent two-family homes. The first unit on this property sits on approximately 6,521 sq.ft. of land, and it’s currently a two-family home, with each home offering a 2-bedroom, 1 bathroom layout with a garage port and yard. This home needs updates and renovation, a great opportunity to add value and your own style to the property. The second two-family home is located next door and offers two different units – one is a larger two-story duplex with 3 bedrooms and two bathrooms, while the other one is a lower-level two-bedroom home. Each home has its own garage.
These combined properties sit on 0.4 acre of land and offer a rare opportunity for an investor to build and develop. It counts with approvals in hand to build up to 5 luxury townhomes. Approval documents and proposed plans can be provided to prospective buyers, though buyer would be responsible for permitting.
The property is accessible from both the VFW Parkway and Spring Street, and it’s located minutes from the Brookline / Newton border, next to Chestnut Hill, and a short distance to great shopping, dining, and public transportation.
Listing courtesy of Todd Glaskin- Coldwell Banker Realty- Newton
Hinckley Street, Somerville. Listed at $769,000
This two-family home is in Somerville, a town just north of downtown Boston. It has two separate home units; one is a 1 bedroom / 1 bath home, while the other one is a 2 bedroom / 2 bath unit. Both units also offer living areas and kitchen. The property sits on a lot with about 1,800 sq.ft. of land. The owners will complete additional updated, including to the roof, chimney, heating system, kitchen, & bath. This property has hardwood floors throughout, a shared first floor deck off the rear of the property, and off-street parking. It is a short commute from downtown Boston, just two exits north on I-93. It’s located near public transportation, parks, shopping, and dining in the Magoun Square area of Somerville.
Listing courtesy of Irene Bremis- The iBremis Team- LAER Realty Partners/ iBremis Realty
Harris Street, Quincy. Listed at $779,000
This two-family home is in Quincy, a town just south of downtown Boston. It has two separate home units; one is a 1 bedroom / 1 bath home with a large living room, and an eat-in kitchen. The other home is a two-story, 2 bedroom / 2 ½ bath unit with kitchen, dining room and living room, as well as a heated back porch. This unit has hardwood floors throughout the main living areas. Each unit has its own basement area complete with laundry and storage space. The property sits on a large lot with about 6,600 sq.ft. of land. This includes an oversized two car port garage with side entry and work are, as well as a spacious driveway for off-street parking. The smaller unit is currently vacant, while the larger unit is currently occupied with a tenant until January 31, 2022. Investors have an opportunity to raise the rent values as they are currently under market.
Listing courtesy of Katie Hynes- Todd A. Sandler REALTORS®
Dudley Terrace, Dorchester. Listed at $749,999
This fully rented Boston two-family home is in Dorchester, a town immediately south of downtown Boston. It is a side-by-side two story townhome style property with two separate home units with over 1,200 sq.ft. of living space each. One of the homes is a 3 bedroom / 1 ½ bathroom unit, while the other unit has 4 bedrooms and 1 ½ bathroom. The property has an outdoor deck, a fenced yard, and off-street parking spaces. Recent updates include a new oil boiler, oil tank, and water heater. The home has an unfinished basement that may qualify as additional living space if finished and legally approved under the City of Boston’s ADU program. The property sits on a large lot with over 2,550 sq.ft. of land. Both units are currently rented to tenants at will who are paying $2,200 per month each, so it is a stable, cash flow producing property. Investors have an opportunity to raise the rent values significantly with minor updates, with a potential projected CAP rate of 5%.
Listing courtesy of Darnell Billings- Keller Williams Realty Boston- Metro | Back Bay
If You’re Considering Buying a Home, Consider a Boston Two- Family Home!
Many local, successful real estate investors started out purchasing a Boston two- family home. Boston Pads partner offices and their agents will provide you with the most options. Whether you are looking for Boston apartments, condos, single family homes, or a large multi family homes you should use the Boston Pads real estate portal. You’ll find a place you love- guaranteed.
Published December 17, 2021
Demetrios has pulled together the largest apartment leasing team in the Greater Boston Area and is responsible for procuring more apartment rentals than anyone in New England – with over 130k people finding their housing through his services. Demetrios is an avid real estate developer, peak performance trainer, educator, guest lecturer and motivational speaker.