Selling a Multi-Family Home in Cambridge, MA

Perhaps one of the most challenging sales in Massachusetts right now is selling your multi-family home in Cambridge. Why? Well before the recent Cambridge zoning change, providing an estimated value of your multi-family property was fairly straight forward.

Any competent real estate agent would look at the recently solds, recently under agreements and currently active comparable data points for similar properties in your part of Cambridge.

But with this new Cambridge zoning change, the calculus changes. Now we must also look at what can be built on your lot, whether that’s adding additions or additional structures, or knocking down your property and starting from scratch.

This means, there will be times where your home may have been worth say $1.5M to $2M has a straightforward triple decker, but as a development project it could be worth $3M, $4M, $10M or MORE. 

There’s a process and approach to determine what can be built and what a developer may pay for your property. If you are looking to explore selling your multi-family, it’s important you understand ALL your options. Give me a ring today and we can discuss if it makes sense to sell as-is or if it’s worth exploring selling to developers for potentially much, much more. 

Continue reading about things to keep in mind when selling your multi-family property as an owner-occupant OR a buy/hold investor, and how I can help you.

If you are thinking of selling your Cambridge multi-family home and don’t know where to start, give me a call at 617-833-7457 and I am happy to help you get started on the process.

Check out my videos below on the VALUE of conducting a 1031 exchange after selling your Cambridge multi-family, and why they are a GAME CHANGER in this market: