Multifamily Property Near Quinsigamond
109 Hamilton Street, Worcester, MA 01604
Well-maintained multifamily property with two units near amenities.
Type:Multi Family Home
Property size:
2,240 SFPrice / SF:
$265/SF- Added:
- May 19, 2026
- Days on Market:
- 12
- Last Refresh:
- May 19 at 9:28 pm
Property Features for 109 Hamilton Street
General Information
- Standard status
- Active
- Size
- 2,240 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1949
Listing agent Michelle Gillespie License #453009972 (508) 934-9818
Listing office Keller Williams Pinnacle MetroWest (508) 934-9818
Listing date May 19, 2026
Source Thefirmreg
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pinnacle MetroWest
HighLights
- Multi‑family property ideal for owner‑occupancy with rental income potential or investment.
- Two spacious units, each with 3 bedrooms and 1 full bathroom.
- Hardwood flooring throughout living room and bedrooms.
- Fenced‑in yard perfect for outdoor gatherings.
- Includes a one‑car garage, laundry area in basement, and storage room.
- Convenient location near shopping, dining, major routes, and Quinsigamond State Park.
Overview
Located at 109 Hamilton Street, this multi-family property offers approximately 2,240 square feet of living space. The property features two units, each with 5 rooms, including 3 bedrooms with closets and 1 full bathroom. Hardwood flooring is present in the living room and bedrooms. The property includes a fenced-in yard, a one-car garage, and a laundry area in the basement, along with a storage room. The second-floor unit has additional attic space. It is conveniently located near shopping, dining, and major routes, and is just minutes from Quinsigamond State Park. This property is suitable for owner-occupied comfort or investment potential in one of Central Massachusetts' fastest-growing markets.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $22.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $47.0k | $20.98 |
| − OpEx | −$14.1k | −$6.29 |
| NOI | $32.9k | $14.69 |
2,240 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.9K
$411.2K – $548.3K
NOI $32,895 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.3K
NOI $30,196 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$747.7K
$654.2K – $872.3K
NOI $52,336 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7788694
- Latitude
- 42.2563898
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained multifamily property with two units near amenities.
Where is this duplex located?
The property is located at 109 Hamilton Street Worcester, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Multi‑family property ideal for owner‑occupancy with rental income potential or investment.; Two spacious units, each with 3 bedrooms and 1 full bathroom.; Hardwood flooring throughout living room and bedrooms.
