Benjamin Hicks and Bridgemont Realty Featured in Worcester Business Journal Following $2.15M Worcester Multifamily Sale
Bridgemont Realty and Benjamin Hicks Featured in Worcester Business Journal Following $2.15M Worcester Multifamily Sale
Benjamin Hicks, Principal Broker and owner of Bridgemont Realty, was recently featured in Worcester Business Journal following Bridgemont Realty's representation of the buyer in the $2.15 million acquisition of 86–92 Hamilton Street, a 12-unit multifamily property in Worcester, Massachusetts.
The transaction closed on August 25, 2026, and was the subject of a September 1 Worcester Business Journal article by Managing Editor Eric Casey titled, “Worcester apartments sale signals shift in real estate investment, broker says.”
Worcester Business Journal highlighted both the transaction and Hicks' perspective on changing conditions in the Worcester multifamily investment market.
$2.15 Million Worcester Multifamily Acquisition
Bridgemont Realty represented Hamilton Properties LLC in its acquisition of 86–92 Hamilton Street for $2,150,000.
The two-building Worcester multifamily property contains 12 apartments, consisting of two three-bedroom apartments, seven two-bedroom apartments and three one-bedroom apartments.
At the time of the sale, all but one of the apartments were occupied, providing the buyer with substantial existing rental income while also offering opportunities to improve the property's performance over time. Worcester Business Journal reported that approximately half of the apartments had previously been renovated, while other units offered additional potential for improvement.
The $2.15 million transaction represents a price of approximately $179,167 per unit.
Benjamin Hicks Discusses the Changing Worcester Multifamily Market
In addition to covering the sale, Worcester Business Journal spoke with Benjamin Hicks of Bridgemont Realty about what he is seeing in Worcester's multifamily investment market.
Higher financing and insurance costs have contributed to a more selective acquisition environment, placing greater importance on existing property income and identifiable opportunities to increase net operating income.
As Hicks told Worcester Business Journal:
“The properties really have to be performing from day one, or there has to be a very clear path to get them to a state where they're performing well.”
The article contrasted today's environment with prior years, when buyers Hicks worked with were often more focused on the potential for future property appreciation.
For today's Worcester multifamily investor, current income, operating expenses, financing costs and realistic opportunities to increase NOI can play an increasingly important role in determining whether an acquisition makes sense.
Worcester Continues to Attract Multifamily Investment
Worcester remains an active market for multifamily investment, offering a combination of rental demand, a substantial existing multifamily housing stock and opportunities for investors seeking both current income and longer-term value creation.
For buyers, identifying the right opportunity requires looking beyond asking price or unit count. Existing rents, operating expenses, property condition, location, financing and opportunities to improve future NOI all factor into investment value.
For multifamily owners considering a sale, understanding these same factors can be equally important when determining how to position a property and maximize its value in the current market.
The Hamilton Street transaction provides an example of an investment offering both in-place income and opportunities for future improvement, two characteristics that have become increasingly important in the current investment environment.
Bridgemont Realty's Worcester Multifamily Focus
Benjamin Hicks is the Principal Broker and owner of Bridgemont Realty LLC, a Massachusetts real estate brokerage focused on multifamily and investment real estate.
Bridgemont Realty is highly active in the Worcester multifamily market and works with investors and property owners throughout Worcester and Central Massachusetts on acquisitions, dispositions, property valuation and investment strategy.
The Worcester Business Journal article also highlighted Bridgemont Realty's activity in Worcester multifamily real estate and the brokerage's plans to expand its involvement in commercial transactions in the city.
For investors evaluating a Worcester multifamily acquisition, Bridgemont Realty provides local market knowledge and investment-focused brokerage representation throughout the acquisition process.
For Worcester multifamily property owners considering a sale, Bridgemont Realty can also assist with property valuation, investment analysis, marketing strategy and buyer outreach.
Read the Worcester Business Journal Feature
The complete Worcester Business Journal article by Eric Casey can be viewed here:
“Worcester apartments sale signals shift in real estate investment, broker says”
The article was published September 1, 2026 and features Benjamin Hicks, Principal Broker and owner of Bridgemont Realty, discussing both the 86–92 Hamilton Street transaction and broader trends affecting Worcester multifamily investment.
About Benjamin Hicks and Bridgemont Realty
Benjamin Hicks is Principal Broker and owner of Bridgemont Realty LLC, specializing in multifamily and investment real estate in Worcester and throughout Central Massachusetts.
Whether you are looking to buy a multifamily property in Worcester, sell an apartment building, evaluate the value of an investment property, or discuss current Worcester multifamily market conditions, Bridgemont Realty welcomes the opportunity to help.
Benjamin Hicks
Principal Broker | Bridgemont Realty LLC
617-529-0751
Ben@BridgemontRealty.com
BridgemontRealty.com
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