Massachusetts multi-family locations

[Christopher Petrigno]

Long time reader, first time poster. Happy to be here. This question is geographically specific. I’m looking at making my first multi-family purchase to hold and rent, and am looking specifically in Worcester Ma and Chelsea Ma. I’m looking at Worcester because Multi-families are cheap compared to the rest of the state and I feel like it is a decent rental market due to the many colleges, universities, hospitals, and commuter access into Boston. The lender at my bank also said he’s starting to see more money being invested in that area and I feel there is a lot of room for growth in that city. Chelsea is a rougher area but flanked by a budding East Boston and a new casino in Medford where people with a lot more money than me are investing in. It is very industrial but sits on Boston’s waterfront. Could it be prime for a renaissance? You’ll notice I use the term “I feel” multiple times here. My insights aren’t complete guesses but are there any real estate pros out there with Massachusetts knowledge that could give me more substantial insight? Thank you to all.