$2,100,000
45
Beds
16
Baths
17,106
Living Area
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Property Description
8–12 & 16 Oread Street presents a compelling opportunity to acquire a centrally located SRO-style residential asset in the heart of Worcester, one of Massachusetts’ fastest-growing urban economies. Consisting of 45 rooms & 16 bathrooms with an additional buildable lot positioned just off Main Street, the property benefits from walkable access to downtown employers, educational institutions, transit options, and Worcester’s expanding cultural and entertainment destinations. This location continues to experience strong demand from workforce residents, students, and service-sector tenants seeking attainable housing close to jobs, transit, and amenities.The asset sits within an established residential and mixed-use corridor undergoing steady reinvestment, offering buyers the chance to capitalize on growing local momentum. Investors seeking a stable, walkable urban location with long-term upside will find this property well-positioned for both immediate performance and future growth.
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Highlights
- Has View: Yes
- Parking Spots: 8
- Property Type: 5+ Family - Rooming House
- Total Rooms: 45
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1890
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Additional Details
- Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
- Flooring: Wood, Vinyl
- Lot Features: Cleared
- Roof: Rubber
- Total Number of Units: 45
- Year Built Details: Actual
- Zoning: Rg-5
- Construction: Frame
- Foundation: Granite
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City View(s)
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, Sidewalks
- Parking Features: Off Street, Driveway
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,143,900
- Taxes: $15,088
- Tax Year: 2025
- Total Rent: $1,408
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