8-21 Oread St.

For Sale

8-21 Oread Street, Worcester, MA 01608

This Worcester property for sale is located at 8-21 Oread Street. The current listed sale price for 8-21 Oread St. is $3,550,000. 8-21 Oread St. is situated on a lot that is 1.25 acre in size.

Contacts

broker

David Eldredge

NAI Glickman Kovago & Jacobs

(508) 753-9100

Property Details

  • Property Type Multi-Family
  • Property Size 25,606 SF
  • Units 75
  • Lot Size 1.25 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1900
  • Date Updated Jan 27, 2024
Directly off Main Street in Worcester, in close relation to I90, Downtown, colleges and universities, and the Polar Park Stadium.Major investment opportunity within the multifamily sector near Downtown Worcester for sale. Located within the Worcester Federal Designated Opportunity zone right off of Main Street. Three licensed rooming houses, 12, 15 & 21, Oread Street offer a value-add investment opportunity that provides investors with the ability to reposition the assets to optimize income with new management and capital improvements. Included in the sale are two additional parking lots located at 8 and 16 Oread St, which may offer additional opportunities as well. 15 and 21 Oread Street have historical brick Victorian architecture with high ceilings throughout. The two have a combined square footage of 10,717 square feet and a total of 30 rooms and 6 1/2 bathrooms. Additionally, 12 Oread Street, a brick-built 14,899 square foot building includes 45 rooms and 16 bathrooms, plus a manager's apartment. The overwhelming demand for affordable housing in Worcester makes these properties a fantastic opportunity for the astute investor looking to capitalize on the ongoing revitalization of the downtown Worcester area.

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Highlights

  • 3 brick buildings (12, 15 & 21 Oread St) on 5 parcels of land
  • Two additional parking lots (8 & 16 Oread St)
  • 75 Rooms, 22 1/2 baths
  • Ample off street parking
  • Historically built brick buildings
  • 15 & 21 Oread Street are listed in National Registry of Historic Places
  • Centrally located off of Main St in the Main South neighborhood

Attachments

Getting around

  • 88/100

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  • 47/100

    Transit Score ®

  • 53/100

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Location

  • City Worcester, MA
  • Neighborhood Beacon Brightly
  • Zip Code 01608
  • Market Worcester Springfield

Points of Interest

  • Bus Station Taxis

    0.83 miles

  • Train Station Taxis

    0.85 miles

  • Worcester

    0.89 miles

  • Grafton

    6.48 miles

  • Westborough

    8.40 miles

  • Gulf

    0.27 miles

  • Shell

    0.43 miles

  • Speedway

    0.63 miles

  • Speedway

    0.66 miles

  • Sunoco

    1.11 miles

  • Mobil

    1.24 miles

  • ChargePoint

    1.35 miles

  • Shell

    2.04 miles

  • ChargePoint

    2.36 miles

  • Gulf

    2.48 miles

  • Junction Shop Lofts Parking Lot

    0.14 miles

  • Franklin Square Parking Garage

    0.44 miles

  • Federal Plaza Garage

    0.51 miles

  • Clark University Parking Lot - 906 Main Street

    0.51 miles

  • Permit Parking

    0.55 miles

  • The Lofts at Loomworks Parking Lot

    0.58 miles

  • Royal Worcester Apartments Parking Garage

    0.58 miles

  • McGrath Lot (Library)

    0.58 miles

  • Permit Parking

    0.60 miles

  • Millbury Street Lot

    0.63 miles

  • AC Hotel Worcester

    0.74 miles

  • Homewood Suites by Hilton Worcester

    0.98 miles

  • Hilton Garden Inn Worcester

    1.04 miles

  • Holiday Inn Express Worcester Downtown

    1.14 miles

  • Courtyard Worcester

    1.47 miles

  • Hampton Inn & Suites

    1.49 miles

  • Beechwood Hotel

    2.58 miles

  • Residence Inn by Marriott Worcester

    3.15 miles

  • Suburban Extended Stay Hotel

    3.52 miles

  • Quality Inn & Suites Worcester

    3.53 miles

  • America's Food Basket

    0.21 miles

  • Price Rite

    0.56 miles

  • Ed Hyder's Mediterranean Marketplace

    0.62 miles

  • San Miguel Grocery

    0.63 miles

  • Living Earth

    0.64 miles

  • Big Y

    0.84 miles

  • Santiago's Market

    0.92 miles

  • Price Chopper

    1.12 miles

  • SAVERS

    1.23 miles

  • Price Chopper

    1.30 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

David Eldredge

NAI Glickman Kovago & Jacobs

(508) 753-9100