340 Hamilton St Worcester, MA 01604
Grafton Hill NeighborhoodEstimated payment $7,293/month
Highlights
- Medical Services
- Property is near public transit
- Community Pool
- Open Floorplan
- Solid Surface Countertops
- Tennis Courts
About This Home
This well-maintained four-unit mixed-use property features three updated residential apartments and one ground-floor retail space, all fully stabilized with strong market rents. Each apartment offers gas forced hot-air heating systems, in-unit washer/dryer hookups, new flooring, fresh paint, and modern updates throughout, providing comfortable, low-maintenance living for tenants. The building has been thoughtfully cared for inside and out, featuring a newly paved driveway with ample parking and attractive curb appeal. Situated in a high-demand rental area surrounded by local amenities, schools, and major routes, this property is an excellent choice for both owner-occupants and investors seeking a turnkey, income-producing asset in a thriving Worcester market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,288
Year Built
- Built in 1930
Lot Details
- 5,644 Sq Ft Lot
- Level Lot
Home Design
- Quadruplex
- Studio
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,578 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- Home Office
- Storage
- Washer and Dryer Hookup
Kitchen
- Range
- Microwave
- Solid Surface Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- Bathtub with Shower
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 13 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Bulkhead
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Forced Air Heating System
- 4 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks)), unit 4(water other (see remarks))
- Assessor Parcel Number M:18 B:040 L:00002,1781198
Community Details
Overview
- 4 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $132
- Insurance Expense $3,436
- Water Sewer Expense $2,832
- Operating Expense $16,143
- Net Operating Income $87,657
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $628,400 | $117,900 | $510,500 |
| 2024 | -- | $549,900 | $117,900 | $432,000 |
| 2023 | $0 | $594,400 | $102,500 | $491,900 |
| 2022 | $0 | $474,200 | $82,000 | $392,200 |
| 2021 | $0 | $398,600 | $65,600 | $333,000 |
| 2020 | $4,194 | $213,500 | $41,400 | $172,100 |
| 2019 | $4,297 | $205,700 | $39,200 | $166,500 |
| 2018 | $0 | $202,300 | $39,200 | $163,100 |
| 2017 | $0 | $202,300 | $39,200 | $163,100 |
| 2016 | -- | $191,400 | $32,800 | $158,600 |
| 2015 | -- | $191,400 | $32,800 | $158,600 |
| 2014 | $4,013 | $191,400 | $32,800 | $158,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2025 10/16/25 | Pending | -- | -- | -- |
| 10/06/2025 10/06/25 | For Sale | $1,250,000 | -- | $273 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $400,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,387,500 | Commercial | |
| Previous Owner | $379,200 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73439968
APN: WORC-000018-000040-000002
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