Multi-family homes have been a consistent part of the Greater Boston Area housing inventory since the Civil War if not before. During the latter part of the nineteenth century, wood frame multi-family homes gave the working class an opportunity to experience home ownership as Boston’s “streetcar suburb” developed.
“…Owners of multi-family houses would then rent out the other living units in their building, thereby greatly increasing their income. The rented units allowed newcomers to get established in the city and eventually save enough money to become landowners in turn.” ~Peter H. Wiederspahn, Associate Professor, Northeastern University, Department of Architecture
Fast forward to 2012 where we find the multi-family home option becoming increasingly attractive. Buyers are considering the multi-family home for either owner occupancy or investment purposes. Rental properties are in demand in the Greater Boston Area making it fairly easy for a landlord to find strong tenants. Housing prices seem to be on the upturn making this a fabulous time to buy a home. Consider a multi-family option.
Following are two beautiful Newton multi-family homes currently on the market as of April 24, 2012.
Comm Ave – Fireplace in living room
2138-2140 Commonwealth Avenue, Newton, MA 02466
This Pottery Barn 2 family home is in move-in condition. Full of charming details with a fireplace living room, built in dining room hutch and a back deck in each unit and seated comfortably on the tree lined lot. You will experience a sense of pride of ownership when you visit this comfortable home located in the Village
Comm Ave – Breakfast nook in 2nd floor unit
Auburndale– known for its beautiful parks and recreational areas including the community rowing on the Charles River.
MLS No. 71368928 – listed for $715,000
5 bedrooms, 2 full baths
2,444 sq. ft. living area
8,527 sq. ft. lot
2 garage spaces, 3 parking spaces
Listing broker is Mary Lewis, Century 21 Commonwealth
31-33 Cotter Road
31-34 Cotter Road, Newton, MA 02468
This handsome white home features updated kitchens, gleaming hard wood floors, and charming details, you will want to stay. This well maintained 2 family is located in the Village of Waban–an historic Village with a charming Village Center conveniently located next to the Waban Center T stop. Read about Waban at www.wabanimprovement.org.
MLS No. 71341949 – listed for $749,000
6 bedrooms, 2 full baths
2,862 sq. ft. living area
6,060 sq. ft. lot
1 garage space, 4 parking spaces
Cotter Rd – White fireplace in living room
Listing broker is Christopher Lee from Gibson Sotheby’s International
If you would like a Buyer Agent’s advice as you tour the home, contact me at Janet@JanetPorcaro.net.
The information in this listing was gathered from third party sources including the seller and public records. MLS Property Information Network and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content ©2011 MLS Property Information Network, Inc.
Cotter Rd – side view
Cotter Rd – Stainless steel and granite kitchen
Comm Ave – bedroom
Comm Ave – kitchen
Comm Ave – Read deck
Comm Ave – Listing Broker Mary Lewis entering dining area