Property Description

86-92 Hamilton Street in Worcester, MA consists of two well-located, side-by-side six-unit buildings totaling 12 units: two 3-Bedroom/1-Bathroom units, seven 2-Bedroom/1-Bathroom units, and three 1-Bedroom/1-Bathroom units with 9,234 SF of gross living area on a 0.29-acre parcel. 90-92 Hamilton was fully renovated following a fire and is sprinklered, featuring new kitchens with quartz countertops and stainless-steel appliances, new bathrooms, new flooring, and updated mechanicals. 86-88 Hamilton offers clean layouts with newer flooring, though units are not as extensively renovated. All units are separately metered, with tenants responsible for heat, hot water, and electricity. The property also includes ample off-street parking and a renovated on-site laundry facility. There is upside through rent growth in the renovated units and programmatic upgrades to the remaining units in a desirable Worcester location near major employers, transit, and amenities. Listed at an 8.25% cap rate.