Boston triple decker

Condos within them trade individually, so owning an entire triple-decker in that case means buying every condo. Proceed accordingly in that regard. The initial price, though, can usually be gleaned from stats about three-family homes in general in the region—since three-family homes are usually triple-deckers. Both measures were up from January The single biggest advantage to owning a triple-decker, particularly as an apartment building, is that the Boston region is one of the most expensive rental markets in the U.

So you will definitely get a return on investment over time. One of the big disadvantages to owning a triple-decker is the upfront costs , including the purchase price and any renovation work. That can eat into any initial income from rent. Yes in most cases. Current regs consider properties of up to four units residential rather than commercial —so, unless your triple-decker is more than four units, you can apply to a bank, a credit union, or another lender for mortgage financing as you would for a condo or a single-family.

The usual measures will apply, including credit scores and potential down payment. There is a caveat for those investors who do not intend to occupy their triple-deckers. These investors are limited to conventional mortgage loans. On the other hand, owners intending to occupy a unit in their triple-decker can choose between Federal Housing Administration loans, Veteran Affairs loans, or that conventional financing depending on qualifications for each.

What's more, down payments might be less for owners occupying a triple-decker than for investors. The fronts of the houses feature stacked porches between columns. The porches encourage homeowners to take advantage of the fresh air.

Developers built the homes with windows designed to cross-ventilate apartments during long, humid City summers. Many triple deckers also have back porches. Skip to Main Content. Main menu. COVID information. You are here. Is my property a triple decker? If your house isn't a triple decker, there are still programs to help you with repairs and conserving energy: Learn about how to get a home repair loan through our department. Check out Renew Boston to find out about energy conservation rebates.

We also asked all who participated to begin to imagine the future of this building type. We have showcased our findings in a virtual exhibition on the BSA website. Our hypothesis? By inviting a variety of participants to submit innovative ideas and proposals, we can introduce new replicable housing models in Boston.

We know that construction costs, land costs, and zoning are key barriers to the creation of middle-scale housing, which typically ranges from units. Recent data shows that there is growing demand for multifamily housing.

But, the cost is far too high for renters and homeowners to be able to afford. We want to see if there is an interest to help build smaller scale housing, such as the Future-Decker, across a variety of sites in the City. Established development teams submit proposals that can be replicated across the final chosen sites. The winning team will have the opportunity to build a pilot project on yet-to-be-selected City owned sites.

It provides a chance for all to help to shape the future of housing development on small sites. We will showcase the RFI submissions on this webpage this summer. Below is a map of the sites included in the Request for Ideas. For additional information about these, visit Building Housing! Check back for updates!

Join our mailing list to stay up to date on the Future-Decker competition. An RFI is a document that solicits ideas of participants of all backgrounds.

It offers an opportunity to reimagine how we conduct community engagement by first inviting:. There is not a winner for the RFI. But, participants are given an opportunity to begin to form development teams that can enter the second phase of the competition.