Somerville: The Return of the Multi-Family Buyer

Somerville: The Return of the Multi-Family Buyer

With interest rates rising in late 2022, the Somerville multi-family market is seeing a surge in 'house hackers'-buyers who live in one unit and rent out the others.

The Math

Median 2-Family: $1.2M. Projected Rent: $3,200 - $4,000 per unit. Strategy*: Using the rental income to offset the higher mortgage payments of today's market.

Where to Focus

Look near the new Green Line Extension stops. Proximity to the 'GLX' is the single biggest predictor of rental premium in Somerville right now.

[[CTA]] Ready to let your tenants pay your mortgage? Let's look at multi-family options in Somerville.