Four-Unit Mixed-Use
For Sale
$399,900
531 Summer St, Barre, MA 01005
Residential Income, Barre, MA
Property Size2,347 SF
Lot Size0.36 Acres
Price / SF$170.39
Days on Market55
Property Features for 531 Summer St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking
15
Elementary school
Ruggles Lane
Middle school
Quabbin 6-8
High school
Quabbin 9-12
Directions
Summer St is Rt 122
Standard status
Active
APN
M:00EA B:0029 L:,3644560
Size
2,347 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3050
Amenities
off-street parking
coin-operated laundry
secured building
Building Details
Year built
1900
Floors in Building
4
Number of units
4
Listing Agency:
RE/MAX Vision · RE/MAX International
(508) 595-9900
Listed By:
Jeff Burk · License #9035530
(508) 595-9900
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# 73545997
Copyright © 2026 MLS Property Information Network 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 four-unit property combines two commercial rental spaces with two second-floor apartments in a secured building. The first-floor commercial component includes a three-room office suite and a food-service window. The food-service area has a three-bowl scullery system installed in 2018, while the building includes a common half bath and shared coin-operated laundry. Two stoves, two refrigerators, and a scullery sink unit remain with the property. The residential units have separate utilities and legal egresses.
The property occupies 0.3627 acres at 531 Summer St in Barre, Massachusetts, with frontage on Summer St and Valley Rd. It offers substantial off-street parking and access to water and sewer. Vinyl siding provides a low-maintenance exterior, and the roof was completed in 2016. The building dates to 1900 and contains 2,347 square feet.
The property occupies 0.3627 acres at 531 Summer St in Barre, Massachusetts, with frontage on Summer St and Valley Rd. It offers substantial off-street parking and access to water and sewer. Vinyl siding provides a low-maintenance exterior, and the roof was completed in 2016. The building dates to 1900 and contains 2,347 square feet.
Key Highlights
- Four total units: two commercial spaces and two residential apartments
- 2,347‑square‑foot building on a 0.3627‑acre lot
- Frontage on Summer St and Valley Rd in Barre, MA 01005
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
$634.5K
Cap Rate 7%
$453,229
$453.2K
Cap Rate 9%
$352,511
$352.5K
Market Conditions
NOI Build-Up for 2,347 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.5K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$45.3K $19.31/SF
− OpEx
−$13.6K −$5.79/SF
NOI
$31.7K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
Cap Rate 7%
$453,229
Cap Rate 9%
$352,511
Alternative Uses
Best Use
Office B
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 10.70%
Second Best
Multifamily LT 5
$453.2K
$396.6K – $528.8K
NOI $31,726 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,103 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 01005, MA
4,900
Population
1,876
Households
2.6
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
43.2 sq mi
ZIP Area
113
Density / Sq Mi
$97,390
Median Household Income
$47,564
Median Earnings
$1,603
Median Rent
$328,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two commercial spaces and two apartments share a secured building with separate utilities and substantial off-street parking.
Where is this quadplex located?
The property is located at 531 Summer St Barre, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four total units: two commercial spaces and two residential apartments; 2,347‑square‑foot building on a 0.3627‑acre lot; Frontage on Summer St and Valley Rd in Barre, MA 01005
