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.
This home has been viewed 13 times
Last Checked: June 18th, 2026 at 7:33am (Source: MLS PIN #73529940)
Gross Income: $91,140
Gross Expenses: $51,758
Net Income Calc: $39,382
Annual Expenses for 86-92 Hamilton St, Worcester MA 01604
Total Gross Expenses (Calculated)$51,758/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax23276
Annual Income & Unit Breakdown for 86-92 Hamilton St, Worcester MA 01604
Total Gross Income (Calculated)$91,140
Unit 1
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
General Information for 86-92 Hamilton St, Worcester MA 01604
Listing ID73529940
Property TypeMulti Family
Price2300000 ($249.08/SqFt)
Style5+ Family - 5+ Units Side By Side
CityWorcester
CountyWorcester
Neighborhood(s)
Approximate Living Area Total9234
Approximate Lot Size (Acres)0.29
Total Parking12
Garage Parking0
Year Built1920
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningBL-1
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 86-92 Hamilton St, Worcester MA 01604
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 86-92 Hamilton St, Worcester MA 01604
Real Estate Taxes23276
Tax Year2026
Assessed Value$1,752,700
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 86-92 Hamilton St, Worcester MA 01604
Neighborhood(s)
Area Amenities
Contact Information for 86-92 Hamilton St, Worcester MA 01604