Duplex with Detached
For Sale
$599,900
279 Hamilton Street, Worcester, MA 01604
Corner-lot duplex with basement storage, replacement windows, and off-street parking.
Property Size1,908 SF
Price / SF$314.41
Days on Market46
Property Features for 279 Hamilton Street
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Multi-family
Building Details
Year Built
1915
Listing Agency:
Champion Real Estate,Inc.
Listed By:
Rosa Wyse
(508) 755-6545
Source:
Broadboutique
Added: Aug 21
Changed: Oct 4
Last Checked: Oct 4 at 10:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Champion Real Estate,Inc.
Investment Insights
Based on property information with market context.
This Worcester duplex, built in 1915, contains two residential units, each with 2 bedrooms and 1 full bathroom. The property includes a full basement for storage, replacement windows, off-street parking, and a detached two-car garage. Unit 2 has tankless heat and hot water installed in 2015, while Unit 1 is equipped with a gas boiler installed in August 2026.
The home occupies a corner lot at 279 Hamilton St and is located minutes from UMass Medical and major routes. Its two-unit configuration, separate residential spaces, and supporting features provide a practical setup for an owner-occupant or rental property owner.
The home occupies a corner lot at 279 Hamilton St and is located minutes from UMass Medical and major routes. Its two-unit configuration, separate residential spaces, and supporting features provide a practical setup for an owner-occupant or rental property owner.
Key Highlights
- Two‑unit duplex on a corner lot
- Each unit offers 2 bedrooms and 1 full bathroom
- Detached two‑car garage plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,020
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,400
$560.4K
Cap Rate 7%
$400,286
$400.3K
Cap Rate 9%
$311,333
$311.3K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$42.4K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.0K $20.98/SF
− OpEx
−$12.0K −$6.29/SF
NOI
$28.0K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,400
Cap Rate 7%
$400,286
Cap Rate 9%
$311,333
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,020 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$367.4K
$321.5K – $428.7K
NOI $25,721 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$636.8K
$557.2K – $743.0K
NOI $44,579 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with basement storage, replacement windows, and off-street parking.
Where is this duplex located?
The property is located at 279 Hamilton Street Worcester, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex on a corner lot; Each unit offers 2 bedrooms and 1 full bathroom; Detached two‑car garage plus off‑street parking
