8-21 Oread St.

8-21 Oread Street, Worcester, MA 01608

  • For Sale $3,550,000
  • 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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Attachments

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

Contacts

broker

David Eldredge

NAI Glickman Kovago & Jacobs

(508) 753-9100

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • 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

  • Onelove Cafe

    0.09 miles

  • Miss Worcester Diner

    0.22 miles

  • Dunkin'

    0.23 miles

  • Subway

    0.28 miles

  • Dunkin'

    0.29 miles

  • Corner Lunch Diner

    0.31 miles

  • Thu Duc Fast Food

    0.36 miles

  • Hacienda Don Juan

    0.37 miles

  • George's Coney Island Hot Dogs

    0.37 miles

  • Golden Pizza

    0.38 miles

  • Jacob Hiatt Magnet School

    0.14 miles

  • St. Peter Central Catholic Elementary School

    0.27 miles

  • Chandler Elementary Community School

    0.35 miles

  • Claremont Academy

    0.40 miles

  • Woodland Academy

    0.42 miles

  • Saint Pauls School

    0.45 miles

  • Clark University

    0.63 miles

  • Canterbury Street School

    0.69 miles

  • Saint Mary's Central Catholic High School

    0.72 miles

  • St Mary's Central

    0.74 miles

  • Head Start at Millbury Street School

    0.82 miles

  • The Goddard School

    1.86 miles

Frequently Asked Questions

What is the lease rate for 8-21 Oread St.?

Rental asking rate at 8-21 Oread St. is $1,775,000.00/YR.

What is the total square footage of 8-21 Oread St.?

8-21 Oread St. totals 25,606 square feet.

When was this property built?

8-21 Oread St. was built in 1900.

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Contact Listing Broker

broker

David Eldredge

NAI Glickman Kovago & Jacobs

(508) 753-9100