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Mixed-Use Building with Apartments
For Sale
$6,500,000

31 N Summer Street, Edgartown, MA 02539

Commercial Sale, Edgartown, MA

Property Size4,525 SF
Lot Size0.12 Acres
Price / SF$1,436
Days on Market228

Property Features for 31 N Summer Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description B1
Appliances Water Heater
Elementary school district Martha's Vineyard
Middle school district Martha's Vineyard
High school district Martha's Vineyard
Directions Located between Main St. and Winter St.
Subdivision Edgartown
Standard status Active
APN EDGA M:020D B:0347 L:12
Size 4,525 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6626

Utilities

Sewer type Public Sewer
Heating system Forced Air, Propane (Heating)
Cooling system Central Air
Water source Public

Amenities

storage spaces
deck

Building Details

Year built 1985
Floors in Building 3
Flooring type Wood
Building materials Wood Siding
Roof type Shingle
Listing Agency: Wallace & Co. Sotheby's International Realty
Listed By: Cassie Courtney · License #9534325
Added: Jan 22 Changed: Sep 3 Last Checked: Sep 7 at 9:06PM
MLS# 22602396

Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,525-square-foot mixed-use building is completing a comprehensive renovation and contains two commercial spaces alongside two apartments. Each space has its own entrance, while rear parking and basement storage support the property’s commercial and residential components. Improvements include new appliances, tile, HVAC, and a redesigned first-floor deck, complemented by wood flooring, wood siding, central air, and forced-air propane heat.

The property occupies 0.12 acres at 31 N Summer Street in Edgartown, less than one block from Main Street. Public water and public sewer serve the building, which was constructed in 1985 and has a shingle roof. Existing leases are in place and may be made available upon request.

Key Highlights

  • Two commercial spaces and two apartments
  • 4,525 SF building on a 0.12‑acre lot
  • Separate entrances for each commercial and residential space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

467
Businesses Nearby

Demographics for 02539, MA

5,168
Population
5,157
Households
1
Avg Household Size
48
Median Age
45%
College-Educated
95%
High-School Grad
26.8 sq mi
ZIP Area
193
Density / Sq Mi
$89,710
Median Household Income
$48,237
Median Earnings
$1,717
Median Rent
$1,171,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four separately accessed spaces combine commercial and residential occupancy with rear parking and basement storage.
Where is this mixed-use property located?
The property is located at 31 N Summer Street Edgartown, MA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Two commercial spaces and two apartments; 4,525 SF building on a 0.12‑acre lot; Separate entrances for each commercial and residential space
More about this property
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