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
Arts District, located between Worcester Common and Union Station, is a creative and historic Worcester neighborhood with converted mill spaces and a walkable downtown grid. The neighborhood’s character concentrates along Main Street near Franklin Street, where galleries, coffee counters, and small stages keep sidewalks active. Pillars include the Hanover Theatre and Conservatory for the Performing Arts, Mechanics Hall, and the Worcester Art Museum. Brick commercial blocks and repurposed industrial buildings frame streets that shift from civic plazas to warehouse-scale corridors. Public art and marquee lights set an after-hours rhythm around performance nights. Pocket parks and the Common add green breaks between studios, restaurants, and cultural venues.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
75 total rooms
Full basement with partial finishing, walk-out access, and concrete
Bathrooms
16 full bathrooms
Exterior features
Additional land available
Gently sloping terrain
Home design
Five stories
Parking
Eight open parking spaces
Paved, off-street driveway
Construction
Frame construction
Granite foundation
Rubber roof
Red exterior
Utilities
Public water
Public sewer
220-volt electric service with fuses, circuit breakers, and 200+ amp service
HOA & community
Near public transportation, shopping, parks, medical facilities, a laundromat, highway access, schools, a university, and sidewalks
Other
5+ family rooming house
Electricity and solar
View estimated energy costs and solar savings for this home