86 Hamilton Street, Worcester, MA 01604

SEPARATELY METERED UTILITIES

Tenants are responsible for heat, hot water, and electricity which they pay directly. The Landlord is responsible for common area electric and domestic water & sewer.

OFF-STREET PARKING

The Property features ample off-street parking with over 12 spaces located behind the property.

VALUE-ADD POTENTIAL

All of the rents except for one are below the current market rates for comparable units in the area. There is an opportunity to increase rents in the renovated units, as well as implement programmatic upgrades to the unrenovated units to maximize rents in a supply-constrained market.

ACCESS & CONNECTIVITY

The Property is near numerous stops in the WRTA network, including Route 16, which stops at the nearby Hamilton St & Ingleside Ave stop, giving the site a direct bus connection to the city’s central transit hub and destinations along Hamilton Street.

For rail service, the location is well positioned to reach Worcester Union Station, the city’s intermodal hub for MBTA commuter rail, Amtrak, and inter-city bus service. From there, riders can access the MBTA Framingham/Worcester Line to Boston, while Union Station also functions as a transfer point for additional local and regional transit options.

Highway access is also a strength, with nearby I-290 providing direct connectivity through Worcester and linking to I-190, I-495, Route 146, and the Massachusetts Turnpike (I-90).

AREA AMENITIES & DEMAND DRIVERS

The Property is located just minutes from downtown Worcester, providing convenient access to major employers including UMass Memorial Medical Center - University Campus, UMass Memorial Medical Center, Saint Vincent Hospital, UMass Chan Medical School, and regional insurance and manufacturing employers such as The Hanover Insurance Group, Saint-Gobain, and Polar Beverages.

The Property also benefits from Worcester’s continued downtown and Canal District revitalization, highlighted by the development surrounding Polar Park, home of the Worcester Red Sox, as well as new mixed-use residential, retail, and entertainment projects that have increased investment activity throughout the city.

Residents enjoy convenient connectivity to Interstate 290, Interstate 90 (Massachusetts Turnpike), Route 9, and Union Station commuter rail service with direct access to Boston, enhancing Worcester’s appeal as a more affordable alternative to Greater Boston housing markets.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 30,700 people live within 1 mile of the Property with an average household income of $93,653. Over 164,100 people reside within 3 miles of the Property with an average household income of $93,180.

QUALITY OF LIFE AMENITIES

The Property is surrounded by a mix of local restaurants and neighborhood favorites, including Rosalina's Kitchen directly on Hamilton Street, along with nearby dining destinations on Shrewsbury Street and in the Canal District such as Mercado Restaurant, Worcester Public Market, and numerous local cafés, breweries, and eateries.

Nearby quick-service restaurants along Park Avenue include Chipotle, Starbucks, Dunkin’, McDonald’s, and Taco Bell.

Local grocery and retail needs are met by a plethora of options including Market 32, Stop & Shop, Price Rite, CVS, Walgreens, and shopping destinations such as Lincoln Plaza and Perkins Farm Marketplace, which provide access to national retailers, fitness centers, service businesses, and everyday shopping needs.

Nearby green spaces include Elm Park, one of the city’s most prominent public parks, as well as Lake Quinsigamond, Green Hill Park, and the Blackstone River Greenway, which provide opportunities for walking, biking, boating, and other outdoor activities. Residents are also located close to the Worcester Common and The Worcester Common Oval, which hosts seasonal events and public skating during the winter months.