$2,300,000

House for sale Worcester
Property photo number 1 of 16 Photos for Property. File  105106875_29_9dabf1e38841e92e91a95ffc45617ec8.jpeg

Overview

SUMMARY: Discover an opportunity with this Worcester house for sale and available for $2,300,000. This could be your next ideal home or a smart investment. More details await.
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.
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Details

  • Beds: 23
  • Baths: 12
  • Price: $2,300,000
  • Area: 9,234 sqft

Location

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