$1,995,000
75
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 ofMassachusetts’ fastest-growing urban economies. Consisting of 45 rooms & 16 bathrooms with an additional buildable lot positioned just off Main Street, theproperty benefits from walkable access to downtown employers, educational institutions, transit options, and Worcester’s expanding cultural and entertainmentdestinations. This location continues to experience strong demand from workforce residents, students, and service-sector tenants seeking attainable housingclose to jobs, transit, and amenities.The asset sits within an established residential and mixed-use corridor undergoing steady reinvestment, offering buyers thechance to capitalize on growing local momentum. Investors seeking a stable, walkable urban location with long-term upside will find this property well-positionedfor both immediate performance and future growth
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1890
- Parking Spots: 8
- Property Type: 5+ Family - Rooming House
- Total Rooms: 75
- Status: Active
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Additional Details
- Basement: Full, Partially Finished, Walk-Out Access, Concrete
- Foundation: Granite
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Rg-5
- Construction: Frame
- Lot Features: Additional Land Avail., Gentle Sloping
- Roof: Rubber
- Total Number of Units: 75
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, University, Sidewalks
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: 220 Volts, Fuses, Circuit Breakers, 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $1,430,500
- Taxes: $18,997
- Tax Year: 2026
- Total Rent: $31,000
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