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    340 Hamilton St Worcester, MA 01604

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    For Sale
    $1,250,000

    Well-maintained mixed-use property with retail space and apartments.

    Lot size:
    0.13 Acres

    Property Features for 340 Hamilton St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1930

    Source: RE/MAX Partners Agent James Kalogeropoulos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Mixed-Use Property

    This well-maintained four-unit mixed-use property features three updated residential apartments and one ground-floor retail space. The property is fully stabilized with strong market rents. Each apartment includes gas forced hot-air heating systems and in-unit washer/dryer hookups. The apartments also feature new flooring, fresh paint, and modern updates. The building has been thoughtfully cared for inside and out, featuring a newly paved driveway with ample parking and attractive curb appeal. It is situated in a high-demand rental area surrounded by local amenities, schools, and major routes. This property is an excellent choice for both owner-occupants and investors seeking a turnkey, income-producing asset in a thriving Worcester market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Paintedhair Studio Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7669723
    Latitude
    42.257844

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    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained mixed-use property with retail space and apartments.
    Where is this mixed-use property located?
    The property is located at 340 Hamilton St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Fully stabilized, income-producing mixed-use property with strong market rents.; - Features three updated residential apartments and one ground-floor retail space.; - High-demand rental area near amenities, schools, and major routes.
    (508) 635-8259
    Request Owner's contact information
    340 Hamilton St Worcester, MA 01604
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    Worcester, MA 01604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 Hamilton St Worcester, MA 01604
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