I just came across this question and wondered why I didn't receive it earlier.
The multifamily market in Jamaica Plain is very tight, the reason there are not many
on the amrket is because they sell so quickly, we sell them within the fist 2 weeks of
Although single families do very well too, we have MANY multifamilies and developers are waiting
to jump on them. A lot of them have been converted into condominiums and when a multi is in a
walkable area, and decent condition, most sellers opt to convert and sell as condominiums.
They make more money, so the small hassle is worth it.
I hope that helps.
I think JP is a little more of a single family neighborhood/ town than most of Boston. I don't have MLS access, so I can't tell you the exact data and Days on Market, etc.
I think SF's in JP would sell a little faster. There are not a lot of investors who want to pay $550K for a 2 family building, even if the rents make it worth it. Most RE investors I know would rather pay half that in Dorchester- less risk.
If I can help you in any way, please let me know. Thanks, and good luck,
Right now the best market moving in our area (South Jersey) has been single family homes under $400,000.