Best Neighborhoods to Invest in Multi-Family Housing [SOMERVILLE]

Oct 28

When it comes to multifamily homes, Somerville, Massachusetts is definitely a hot spot. With plenty of neighborhoods that offer great opportunities for investment properties, it can be tough to know where to start. That's why I've put together this list of the 6 best areas to buy a multifamily home in Somerville. These areas are diverse, up-and-coming, and great places to make your next real estate investment.

These areas include some hidden gems, some popular areas in the middle of a resurgence, and some neighborhoods that may not even be on your radar yet. If you’re interested in learning more, shoot me a message and let’s talk Somerville.

1. Ball Square

Located in the northwestern part of Somerville, Ball Square is a popular neighborhood for young professionals and couples. It offers a mix of restored Victorians and new construction, as well as a lively nightlife and dining scene. Near Tufts University, there's a great mix of students, professionals, and longtime residents. The homes in Ball Square are also relatively affordable compared to other neighborhoods in Greater Boston, making it a great option for investors.

2. Inman Square

On the other side of the city from Ball Square is Inman Square -- because its technically in Cambridge! This is another great neighborhood for multifamily homes. It's known for its lively arts and culture scene, as well as its large number of restaurants and bars. Inman Square also has a wide range of multi-family housing options, from historic brownstones to new construction condos.

3. Davis Square

Davis Square is located in the heart of Somerville and is one of the most popular neighborhoods in the city. It's home to many trendy restaurants, bars, and shops, as well as a large artist community. Davis Square also has some of the most expensive real estate in Somerville, making it a great option for investors looking for high-return properties.

4. Assembly Row

If you're looking for a multifamily home in an up-and-coming area, Assembly Row is definitely worth considering. This new development on the banks of the Mystic River is still growing, but it's already home to many popular restaurants, bars, and shops. And with easy access to Boston, Assembly Row is sure to continue growing in popularity in years to come.

5. Winter Hill

Winter Hill is another great neighborhood for multifamily homes in Somerville. It's known for its diverse mix of residents and its strong sense of community. Winter Hill also has a wide range of housing options, from Victorians to new construction condos. And with easy access to downtown Boston, it's ideal for commuters looking for an investment property close to the city.

6. Prospect Hill

Prospect Hill is a historic neighborhood located in central Somerville nearby the ultra-hot Union Square. It features many beautifully restored Victorian homes, making it a popular choice for investors looking for high-value properties. Prospect Hill also has easy access to downtown Boston via MBTA bus and the Green Line extension.

Sage Jankowitz