8-12 Oread St - Apartments FOR SALE


Worcester, MA 01608- University Park
$2,100,000 USD
508-615-9298
8-12 Oread St, Worcester, MA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/6
null | 11.92% Cap Rate

8-12 Oread St
Worcester, MA 01608
University Park


HIGHLIGHTS

  • Rare SRO-style residential asset in a walkable downtown Worcester location
  • Immediate access to transit, employment centers, and educational institutions
  • Strong workforce housing demand supporting long-term occupancy stability
  • Value-add or repositioning potential in an established mixed-use corridor
  • Proximity to Polar Park, UMass Memorial, Clark University, and WPI
  • Located in a fast-growing regional market with consistent rental activity

OVERVIEW

8–12 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. 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. Worcester’s economic resurgence is driven by institutions such as UMass Memorial Medical Center, Clark University, and Worcester Polytechnic Institute, along with the continued expansion surrounding Polar Park. This creates consistent rental activity and supports long-term housing stability within this micro-market. Given its SRO-style layout, the property aligns with a segment of the housing market that remains undersupplied in Worcester. Investors may explore strategies ranging from light-value enhancements to a full repositioning tailored to workforce housing or co-living formats, subject to local zoning and permitting. The site’s urban setting provides excellent connectivity, with nearby bus routes, access to I-290, and proximity to Worcester’s Union Station rail service connecting to Boston and other regional hubs. Whether maintained as an income-producing residential property or reimagined to further maximize its potential, 8–12 Oread Street offers an accessible entry point into a market supported by strong demographics, continued development activity, and enduring rental demand. Investors seeking a stable, walkable urban location with long-term upside will find this property well-positioned for both immediate performance and future growth.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

46

PRICE/UNIT

$45,652

CAP RATE

11.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1890

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

RG-5

APN/PARCEL ID

WORC-000006-000029-000035

ASK ABOUT THIS PROPERTY

Christopher ValeriGcv916 LLCMore Info
508-615-9298

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Christopher ValeriGcv916 LLCMore Info
508-615-9298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.