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East Boston Case Study

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9. East Boston

In East Boston, the real estate market is quickly rising. The price for a single-family home and multi-unit building has risen in the last year. Right now, these homes fetch a price ranging from $230 to $889 per square foot. The upper-end of the market tends to be focused around newer developments in Jeffries Point and Eagle Hill.

Right now, the median home fetches a price of $425,000 on the marketplace. This is actually a decline of $30,000 since last year, but the decline is primarily caused by smaller units being placed on the market. The actual price per square square foot has advanced from $436 to $460 during the last year.

In 2018, East Boston has rapidly risen as the site of housing and commercial investments. As developers move away from the crowded regions of downtown Boston, this area will only grow in popularity. Renters are also searching for areas like East Boston that offer more affordable rentals than downtown Boston. …show more content…
Residents will find homes ranging from Victorian manors to luxury duplexes. This area has long had a reputation for multi-unit homes. With its easy access to MBTA transportation options and local amenities, it has become a popular destination for renters.

Investors can find multi-unit properties like brownstones, triple-deckers and condos in the area. The best properties have a low vacancy rate and a location near transportation options. While areas like East Boston saw a number of foreclosures during the recession, the area has rebounded since that time. Now, investors will find a fairly competitive market.

Thankfully, East Boston's prices have not risen as much as some of the surrounding neighborhoods. For investors, this makes right now a good time to invest before prices continue to increase. To find out which multi-unit property is right for you, call us at Boston City Properties

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