12 Winter Street, Worcester, MA 01604

ACCESS & CONNECTIVITY

Residents can walk to Worcester’s Union Station, the city’s intermodal hub, which offers MBTA commuter rail service on the Framingham/Worcester Line to Boston as well as intercity bus options operated by providers such as Greyhound and Peter Pan.

Local mobility is supported by Worcester Regional Transit Authority service operating from the central Hub adjacent to Union Station, providing frequent bus connections across the city and into surrounding communities, while additional commuter oriented service is available via the MART Worcester Commuter Shuttle that also stops at Union Station and the downtown courthouse district.

The property offers quick access to I 290, which runs through the heart of Worcester and links quickly to I 190, I 495, Route 146, and the Massachusetts Turnpike (I 90), facilitating efficient regional travel throughout Central Massachusetts and the Greater Boston area.

AREA AMENITIES & DEMAND DRIVERS

The Property benefits from immediate proximity to major employment anchors such as UMass Memorial Medical Center - University Campus, one of the largest healthcare systems in Central Massachusetts, along with other major employers including The Hanover Insurance Group, Saint-Gobain, and Fallon Health, all of which contribute to a stable and diversified employment base in the city.

Worcester’s role as a regional employment hub is further reinforced by its concentration of higher education institutions, including Worcester Polytechnic Institute, Clark University, and the College of the Holy Cross, which generate consistent housing demand from students, faculty, and medical professionals throughout the year.

The downtown location also places residents near key cultural and entertainment destinations such as DCU Center, a major venue that hosts concerts, sporting events, and conventions, as well as Worcester Center for Crafts, which contributes to the city’s growing arts and cultural scene.

NEARBY EVENT VENUES

12 Winter Street is in walking distance of two of Worcester’s premier event-driven destinations, Polar Park and Fidelity Bank Worcester Ice Center, both of which serve as major regional draws.

Polar Park, home to the Worcester Red Sox, anchors the city’s Canal District and hosts a full calendar of baseball games, concerts, and community events that drive consistent foot traffic and neighborhood activation.

Similarly, the Fidelity Bank Worcester Ice Center operates as a multi-rink facility hosting youth, collegiate, and tournament hockey, along with public skating and large-scale events.

UPSIDE POTENTIAL WITH RENT GROWTH

In-place rents are below the current market rates; the opportunity exists to dramatically raise rents in an already renovated building as all residential tenants are on TAW agreements.

UTILITIES

Tenants are responsible for heat & hot water, as well as individually metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

OFF-STREET PARKING

The Property features five (5) off-street parking spaces.

DURABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 47,700 people live within 1 mile of the Property with an average household income of $71,884. Over 178,700 people reside within 3 miles of the Property with an average household income of $94,293.

QUALITY OF LIFE AMENITIES

Nearby dining options feature a blend of national chains, quick-service options, and locally acclaimed restaurants, including Ruth's Chris Steak House, which offers an upscale dining experience in the nearby Mercantile Center, as well as convenient fast-casual options such as Jersey Mike's Subs for everyday dining.

Residents benefit from proximity to full-service grocery and general merchandise providers such as Walmart Supercenter, which offers groceries, household goods, and everyday essentials in a single location. Additional grocery options in the Worcester area include chains such as Price Rite, Stop & Shop, and Shaw’s.

Outdoor recreation and green space are anchored by nearby public amenities such as Worcester Common, a centrally located park that serves as a key gathering space for community events, recreation, and seasonal programming in the heart of downtown.