If you're interested in owning a multi-family home in the Greater Newburyport and Southern NH areas, you'll be pleased to know that there are many options available to choose from. These areas offer a diverse selection of multi-family homes that cater to a variety of preferences and budgets.

In Greater Newburyport, for example, you can find charming, historic ,multi-family homes, as well as newer construction properties that offer modern amenities. The Greater Newburyport area provides a wealth of outdoor parks and farms, but also offers downtown living and is close to commuting routes and train stations that appeals to investors, renters and homeowners.

Southern, NH also offers a range of multi-family homes, from small duplexes to large apartment complexes. The area has a strong rental market, with many renters seeking affordable housing options within commuting distance to Boston or other major cities.

My colleague, Sandy Berkenbush, and I recently gave advice to buyers regarding the benefits of purchasing a multi-family home…

If you are looking for a real estate investment that can generate steady cash flow and long-term returns, then owning a multi-family home could be the right choice for you. Multi-family homes are properties that have more than one dwelling unit, such as duplexes, triplexes, and apartment buildings. Whether you’re an investor or a first-time home buyer, let’s discuss some of the benefits of owning a multi-family home.

1.     Multiple streams of income: With a multi-family home, you have the potential to generate multiple streams of income from the various units. This can provide a stable cash flow and help you pay off your mortgage faster.

2.     Cost savings: Multi-family homes typically offer cost savings compared to owning multiple single-family homes. For example, you may be able to save on insurance, property taxes, and maintenance costs.

3.     Diversification: Owning a multi-family home can also provide diversification in your real estate portfolio. If one tenant moves out, you still have income from the other units, reducing your risk of vacancy and lost income.

4.     Tax benefits: There are several tax benefits to owning a multi-family home. You may be able to deduct expenses related to the property, including mortgage interest, property taxes, and maintenance costs.

5.     Appreciation: Like any real estate investment, multi-family homes have the potential to appreciate over time. As the property increases in value, you can build equity and potentially sell the property for a profit in the future.

6.     Control: With a multi-family home, you have more control over the property and the tenants. You can set the rent, choose the tenants, and manage the property according to your preferences.

7.     Live-in investment: If you choose to live in one of the units, you can enjoy the benefits of owning a home while also generating income from the other units. Most owner-occupants of multi-family homes, find that the rent being brought in from the other units covers the mortgage payment, so the tenant(s) are essentially paying for your mortgage. An owner-occupied multi-family can be a great option for those looking to build wealth through real estate.

Whether you're looking for a multi-family home as an investment property or as a live-in investment, there are many options to choose from in the Greater Newburyport and Southern NH areas. With a variety of property styles, sizes, and price points, you're sure to find a multi-family home that meets your needs and preferences. It's important to work with a local real estate agent who can help you navigate the market and find the right property for your investment goals. Contact me if you’d like to learn more about the home buying process or start searching for multi-family properties today here 👉 LET'S GET STARTED! !