How To Find Multi Family Homes For Sale In Ma
Investors of all scales, from first-time investors to established pension funds and life insurance companies, are in competition to purchase multifamily homes in the greater Boston area.
All are constantly on the lookout for potential buys.
So, whats the best strategy? Investors and real estate brokers have a number of tools at their disposal.
They can search commercial and residential real estate listings, search for off-market deals, or they can team up with a local broker who can uncover hidden opportunities for them.
Why Customers Love Self
Maybe some people want a conventional broker, but I had already picked out the houses I wanted to see myself online. I saved $9,500 by not paying a broker to show up with a key and tell me where the kitchen is.
The COVID-19 quarantine restrictions made me realize how little value I get from a buyer’s side real estate broker. I did a few hours extra legwork myself with help from MassRealty, and saved nearly $11,000.
MassRealty let me view and select houses myself and took care of all the paperwork for me for a fraction of a conventional broker’s commission. They saved me $12,000, which I was able to use to build a dream kitchen in my new house!
I was afraid of trying to navigate the homebuying process without a traditional broker, but MassRealty’s customer support was excellent. They made sure I always knew what to do next and how to do it.
For Sale By Owner Listings
For Sale by Owner listings, otherwise referred to as FSBO, are harder for brokers and investors to track down. There are a few ways people can search for FSBO multi family homes for sale in MA.
When trying to gauge whether or not to sell, many people will start by listing their multi family home for sale on Craigslist. The platform is free and easy to use, so owners face no risk by posting here initially.
Craigslist is also a national platform, searchable by geography, which can open doors to buyers located in other parts of the state or country. The site has specific pages for Boston and Worcester, MA, among others.
The Oodle marketplace is still gaining traction.
Its another place to begin searching for multifamily properties for sale, often listed by owner instead of through the more traditional MLS platform.
Something to note, however, is that the listings by owner featured on Oodle tend to be multi family properties that are bank owned.
Nextdoor is a national platform that features hyper-local real estate listings.
In order to subscribe to Nextdoor, the user must confirm that they live in or near a specific neighborhood.
Once approved, they can start connecting with their literal neighbors. Owners with multi family homes for sale in MA can use Nextdoor to sell to investors in their own backyards.
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Worcester Homes For Sale
Worcester home for sale:
Check out this quaint, freshly updated 3Bed/2Bath Cape-style home perched atop an elevated lot in a quiet, residential neighborhood. The first floor features an over-sized living room with great natural lighting, a dining room, and a modernized kitchen with white shaker cabinetry, granite countertops, and stainless steel appliances. A full bathroom and one bedroom complete the first floor. Upstairs there are two more dormered bedrooms, a storage room, and a second full bath. The full basement includes a brick fireplace and awaits your finishing touch! The exterior boasts low-maintenance vinyl siding, newer roofing, a fully fenced-in backyard, and driveway parking for
Worcester home for sale:
Hidden in Salisbury by the Holden line is a spectacular secret garden just waiting for you! Cozy up by the fireplace under exposed beams and a cathedral ceiling in your new family room! Stunning hardwood floors will carry you to the massive open concept living room & dining room with Anderson bay windows front and back! Sip drinks in the nook of your granite-adorned kitchen by the sliding doors to your luxurious private patio out back! Move to the primary bedroom with your own private dressing room and ensuite bath! Very generous sized bedrooms for everyone including a double vanity in the full bath! Easy-to finish full basement with high ceilings offers endless potential! 2-car attac
What Locals Say About Worcester
- 9mo ago
“There was a stabbing here recently and also lots of heroin needles on the ground. Seems like a nice area but definitely is not super safe for kids or anyone honestly. “
“Lots of broken glass and Herron needles on the sidewalks. I think the area needs a little bit of TLC. The is a farmers market in the neighborhood. There is also lots of restaurants nearby.”
“There are walking paths and public parks in the area. In addition, few designated, off leash parks as well.”
“i loved worcester my for a big city i fell save very friendly and amazing peaple good food great bars”
“Great commute – easy to 290 where I work in Marlborough, and easy to 190 and the Pike. Also, easy to 146 and 395. Great place to live!”
“Taste of Shrewsbury. Fourth of July fireworks. Gatherings around East Park. Wish there was a dog park in Bell Hill.”
“We have a lot of families and multiple parks that we can walk to in our neighborhood. The older kids in our neighborhood are often riding bikes along the side streets together. “
“Love the fireworks on the Fourth of July and the decorations at Christmas time / New Years….. they even have a skating rink on the common”
“the st Patrick day and the canavan parade you see lot of people going out celebrating and Thanks giving day as well people have fun with their family “
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Examples Of Ma Multi Family Searches
With so many commercial and residential platforms flooding the marketplace, it can be hard to decipher which to use and how to go about using them. Here are a few ways to search different platforms using real-time examples.
Boston, MA Multi Family Search with LoopNet
A quick search for multi family homes for sale in Boston, MA on LoopNet reveals just a few properties for sale.
At first glance, this comes as a major surprise. After all, there are hundreds of multi family properties for sale in Boston, MA at any given point in time.
Thats because so much of Bostons housing stock is made up of two and three-family homes .
This is why its a good reminder to search multiple platforms. LoopNet is typically used for commercial properties, so smaller multi family homes for sale in Boston, MA are not featured on LoopNet the same way theyd be featured on a platform like Zillow or Redfin.
Worcester, MA Search with Redfin
Those looking to buy multi family homes for sale in Worcester, MAmay want to begin their search with Redfin.
Go Refins website and start by searching Worcester, MA and narrow down the property type so the results show only multi family homes for sale.
You can further refine your search, identifying properties that are hosting open houses this weekend, for example. Or search for properties that have had prices recently reduced.
This information can help you estimate potential property values and financially prepare for your investment.
Worcester County Multi Family Homes
Displayed below are investment properties for sale in Worcester County, MA, updated instantly from from the MLS.
For more information about any of these Worcester County multi-family properties, click the “Request More Info” button located on the detail page of each property. We can provide you with the disclosures and past sales history of each listing as well as dates and prices of properties that have recently sold nearby in Acton.
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Real Estate & Homes For Sale
Homes for sale in 01604 have a median listing home price of $350,000. There are 58 active homes for sale in 01604, which spend an average of 54 days on the market. Some of the hottest neighborhoods near 01604 are Broadmeadow Brook, Grafton Hill, Vernon Hill, Union Hill, North Quinsigamond Village. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 01545, 01602, or three bedroom homes for sale in neighboring cities, such as Worcester, Shrewsbury, Grafton, Holden, Auburn.
Recent Sales Near 996 Pleasant St
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- 3,866Sq. Ft.
996 Pleasant St, Worcester, MA 01602 is aMulti-Family property with 3 units containing 7 bedrooms and 3 full bathrooms.996 Pleasant St is currently listed for $699,000 and was received on January 10, 2022.This property is listed by Michael Curtis from our Worcester Office.Want to learn more about 996 Pleasant St?Do you have questions about finding otherMulti-Familyreal estate for salein Worcester?You can browse all Worcester real estate orcontact a Coldwell Banker agent to request more information.
Lease with a Right to Purchase
The data relating to real estate for sale on this site comes from the Broker Reciprocity of the Cape Cod & Islands Multiple Listing Service, Inc. Summary or thumbnail real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the BR Logo and detailed information about them includes the name of the listing broker. Neither the listing broker nor Coldwell Banker Realty shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. This site was last updated Jan 7 2022 7:37AM. All properties are subject to prior sale, changes, or withdrawal.
Home Partners of America and A New Path to Homeownership are registered trademarks of Home Partners of America LLC.
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Climate’s Impact On Worcester Housing
Likelihood of Flooding in Worcester Homes
- Floods in Worcester caused $16 on average in property damage this year.
- 2% of homes in Worcester are required to have flood insurance. Flood insurance
Likelihood of Storm, Heat, Drought, and Fire
- A day that reaches above 91ºF is considered hot for Worcester. Normally, Worcester experiences about 8 hot days per year.
- Worcesters forecast in 2050 is about 35 hot days per year.
- The percentage of available water supply used by humans determines water stress. An area is at especially high risk when water stress is above 40%. Worcesters water stress now is about 9%.
- Worcesters projected water stress in 2050 is about 9%.
- Worcesters drought risk is 22% higher than average for people in Massachusetts State .
- Normally, about 0.01% of land near Worcester burns in a year, or about 410 sq. miles within a 100-mile radius.
- Worcesters forecast in 2050 is down to about 240 sq. miles burned in a year .
- Fire risk in Worcester ranges from Very Low to Low
- Normally, Worcester experiences about 8 significant two-day storms per year, with about 2″ of precipitation per storm.
- Worcesters forecast in 2050 is about 24 storms, with about 2″ of precipitation per storm.
Search Multi Family Homes Off
Aside from searching through listings online, you can also gain access to the entire supply of multi family properties in MA, and in fact, the entire nation.
With the Reonomy platform, you dont have to wait until a property is listed. You can identify multi family homes likely to sell, and reach out directly to the owner, to either help them sell, or simply buy the asset.
Buying property off-market can save you thousands, and give you a better chance of of acquiring a property. When you dont have to compete with other potential buyers, youre more likely to purchase real estate at a better price.
Off-market deal-making is a great way for investors and brokers to get ahead of the competition, strike more favorable deals , and, in the case of investors, avoid the middlemen and extra fees that come with working with listings platforms and other services.
Try it for free, or read on to see a specific example of how to run a multi family property search in Massachusetts.
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Schools Serving 996 Pleasant St
|1083 Pleasant St, Worcester, MA 01602||PK-6|
|525 Chandler St, Worcester, MA 01602||PK-6|
|772 Main St, Worcester, MA 01610||PK-6|
|495 Grove St, Worcester, MA 01605||7-8|
|12 Freeland St, Worcester, MA 01603||7-12|
|299 Highland St, Worcester, MA 01602||9-12||1.4 mi|
Commercial And Residential Real Estate Listings
Traditional commercial and residential real estate listing platforms are a great way for investors to find multifamily homes for sale in MA.
But be forewarned: multifamily properties that are actively listed on MLS get syndicated to multiple websites. Therefore, investors often face bidding wars for these listed properties.
Here are a few of the best websites to find actively listed multi family homes for sale in MA:
LoopNet is one of the largest commercial real estate listing platforms in the country.
It offers over 6.3 billion square feet of commercial real estate for sale or lease, including multi family properties for sale in Massachusetts.
LoopNet tends to provide more sophisticated property details, such as cap rates, which are useful for investors and brokers in search of multi family opportunities.
CREXi is another national commercial real estate marketplace that provides deals across asset classes, including properties for sale throughout Massachusetts.
CREXi provides a suite of services that help buyers, sellers, and brokers navigate the entire transaction process, from listing through to closing.
CBRE is responsible for some of the largest multi family sales in Greater Boston.
Their New England headquarters is located in Boston, but CBRE has multi family teams in satellite offices throughout the region, from Hartford, CT to Manchester, NH and beyond.
Redfin offers a clean, intuitive user experience.
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Homes Available On Trulia
- The Acuna Group, Acuna Real Estate
New Listings Near 142 Chandler St
- Judy Patterson, Lamacchia Realty, Inc.
- $149,900Paul Latino, RE/MAX Advantage 1
- $139,900Kevin Baker, Impact Realty, LLC
- $110,000Gary Caggiano, ERA Key Realty Services – Worcester
- $132,000Basil Chigozie Onwukwe, Keller Williams Realty Greater Worcester
- $90,000Martha Celli, LAER Realty Partners
- Denise Oosterman, Denise Oosterman, REALTOR®
- $179,900Nghi Bao Chiem, StartPoint Realty
- $159,900Michael Duffy, 1 Worcester Homes
- $74,900Julia Acquaah-Harrison, Weichert REALTORS®, Hope & Associates
- $118,000Cody Chy, Elevate Real Estate
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When Youre Ready For A Change
Change is one of lifes certainties. We all grow older. A health crisis, loss of a partner or a decision to retire may be a recent life event for you. The multifamily building youve owned for decades becomes too much work to maintain. With rents to collect and repairs to be made, it might be time to sell.
Whatever your reason, you can sell your multifamily building and cash out, leverage up to a larger property or simplify by buying a building that can be leased to a small business. Commercial properties can be much easier to manage.
Our team stands ready to guide you through this process. Buyers and sellers look to us for more than a real estate transaction. We take the time to work with you to achieve a specific goal. Whether youre in the market to buy a larger or smaller investment property, we can advise you on how to defer paying a capital gains tax with a qualified intermediary through a 1031 exchange or partial 1031 exchange by reinvesting in like kind property of equal or greater value.
At NAI Glickman Kovago & Jacobs, we have decades of experience and deep connections through our local contacts and membership in the National Association of Realtors, the Massachusetts Association of Realtors and the Cape Cod & Islands Association of Realtors.
Popular Manufactured Homes In Worcester Massachusetts
Its important to depend on someone with experience and knowledge to guide you through the manufactured home buying process. In addition to offering a wide selection of the most popular manufactured and modular homes, we list Americas finest mobile home dealers and retailers. These retail sales centers are trained to help shoppers in Worcester, Massachusetts just like you find the home thats perfect for them, at a cost that fits their budget.
Interested in making Worcester, Massachusetts your new home? One of the best things about factory built homes is that they can be placed virtually anywhere! Its one of the many reasons that Americans all across the country are choosing manufactured and modular homes over traditional stick-built housing. Start your search for the perfect home here and see for yourself why factory built is the way to go.
Choosing the right lender to finance your new manufactured home or modular home is just as important as the home purchase itself. ManufacturedHomes.com has levered years of industry experience to make it easy for you to find financing for your manufactured home. No matter what your needs, we can connect you with a lender that will walk you through the process step by step. Unlike traditional lenders or banking institutions, we can help you find the right loan for your factory-built home in Massachusetts.
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