Waterfront, North End Multi-family Buildings in High Demand

Multi-family buildings are in high demand along the Waterfront and North End. This past week an auction was held for a historically significant five story, eight-unit building located on Charter Street in the North End. The building was the former home of the Saint Joseph Society which has since relocated to Hanover Street. The Charter Street building was sold in the auction to a local resident and business man for the price of $2.4M, after dozens of bidders vied for the property. The building is currently assessed at $831,000 which shows the high demand for investors to buy income generating properties in the North End/Waterfront neighborhood.