Side-by-Side Six-Unit Apartment Buildings

86-92 Hamilton St, Worcester, MA 01604

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For Sale

$2,300,000

Two side-by-side six-unit buildings with a sprinklered, fully renovated component, separately metered utilities, and on-site laundry.

Type:Investment

Property size:

9,234 SF

Lot size:

0.29 Acres

Price / SF:

$249/SF

HighLights

86‑92 Hamilton St features 12 total units in two side‑by‑side six‑unit buildings on a 0.29‑acre parcel.
Unit mix: two 3 bed/1 bath, seven 2 bed/1 bath, and three 1 bed/1 bath, totaling 9,234 SF gross living area.
90‑92 Hamilton was fully renovated after a fire and is sprinklered, with new kitchens (quartz countertops, stainless steel appliances) and new bathrooms.
All units are separately metered, with tenants responsible for heat, hot water, and electricity.
Ample off‑street parking plus a renovated on‑site laundry facility.
Listed at an 8.25% cap rate.

We can help!

Listing Contact

Ethan Lazar

Learn more

For Sale

$2,300,000

Two side-by-side six-unit buildings with a sprinklered, fully renovated component, separately metered utilities, and on-site laundry.

Type:Investment

Property size:

9,234 SF

Lot size:

0.29 Acres

Price / SF:

$249/SF

Added:: Jun 4, 2026
Days on Market:: 5
Last Refresh:: Jun 6 at 4:13 am

Property Features for 86-92 Hamilton St

General Information

Standard status: Active
Size: 9,234 SF
Lot size: 0.29 Acres
Property subtype: Investment

Building Details

Year Built: 1920

We can help!

Listing Contact

Ethan Lazar

Listing agent Ethan Lazar

Listing office

Listing date Jun 4, 2026

Source Elliman

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 Ethan Lazar

HighLights

86‑92 Hamilton St features 12 total units in two side‑by‑side six‑unit buildings on a 0.29‑acre parcel.
Unit mix: two 3 bed/1 bath, seven 2 bed/1 bath, and three 1 bed/1 bath, totaling 9,234 SF gross living area.
90‑92 Hamilton was fully renovated after a fire and is sprinklered, with new kitchens (quartz countertops, stainless steel appliances) and new bathrooms.
All units are separately metered, with tenants responsible for heat, hot water, and electricity.
Ample off‑street parking plus a renovated on‑site laundry facility.
Listed at an 8.25% cap rate.

Overview

86-92 Hamilton Street includes two side-by-side six-unit apartment buildings totaling 12 units on a 0.29-acre parcel. The unit mix is two 3-bedroom/1-bath apartments, seven 2-bedroom/1-bath apartments, and three 1-bedroom/1-bath apartments, with 9,234 SF of gross living area. All units are separately metered, with tenants responsible for heat, hot water, and electricity. The 90-92 Hamilton building was fully renovated following a fire and is sprinklered, with new kitchens featuring quartz countertops and stainless-steel appliances, updated bathrooms, new flooring, and refreshed mechanicals. The 86-88 Hamilton building offers clean layouts with newer flooring, with renovations not described as as extensive.

The property includes ample off-street parking and a renovated on-site laundry facility. Nearby access is supported by walkability and transit metrics provided for the area, with a very walkable walkScore of 80 and a transitScore of 42.

This structure supports operators seeking a multi-building rental setup with a mix of apartment sizes, including multiple 2- and 1-bedroom units. With one building comprehensively renovated and the other featuring newer flooring, the property presents a straightforward, separately metered utility model alongside practical onsite amenities like laundry and off-street parking.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$238.2k	$25.80
− Vacancy	−$11.9k	−$1.29
EGI	$226.3k	$24.51
− OpEx	−$101.8k	−$11.03
NOI	$124.5k	$13.48

9,234 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.78M

$1.56M – $2.07M (±1% cap)

NOI $124,479 @ 7.0% cap · market cap 5.41%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.08M

$2.70M – $3.60M (±1% cap)

NOI $215,748 @ 7.0% cap · market cap 9.38%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Worcester
County: Worcester
State: Massachusetts
Longitude: -71.7802148
Latitude: 42.2558538

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For sale
Apartment buildings
MA
Worcester
01604
86-92 Hamilton St

What type of property is this?

Apartment building - Two side-by-side six-unit buildings with a sprinklered, fully renovated component, separately metered utilities, and on-site laundry.

Where is this apartment building located?

The property is located at 86-92 Hamilton St Worcester, MA.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: 86‑92 Hamilton St features 12 total units in two side‑by‑side six‑unit buildings on a 0.29‑acre parcel.; Unit mix: two 3 bed/1 bath, seven 2 bed/1 bath, and three 1 bed/1 bath, totaling 9,234 SF gross living area.; 90‑92 Hamilton was fully renovated after a fire and is sprinklered, with new kitchens (quartz countertops, stainless steel appliances) and new bathrooms.