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Mixed-Use Quadplex with Office Suites

531 Summer St Barre, MA 01005

531 Summer St, Barre, MA, 01005

$405,000

For Sale

$405,000

MULTI_FAMILY - Barre, MA

Property Size2,347 SF

Lot Size0.36 Acres

Price / SF$172.56

AddedJul 7

Days on Market10

Last RefreshJul 16 at 1:06 am

Property Features for 531 Summer St

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 2
Bathrooms: 3
Rooms: Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1
Parking: 15
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

Building Details

Year built: 1900
Floors in Building: 4
Number of units: 4

Listing agent Jeff Burk License #453001487

Listing office RE/MAX Vision 25 Union Street, Worcester, MA

Listing date Jul 7, 2026

MLS# 73545997 Listing URL

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 mixed-use quadplex offers a total of four units, configured with two commercial rental units on the first floor and two residential apartments on the second floor. The first-floor commercial space includes a three-room office suite and a food service unit with a service window. The office suite has an existing lease agreement through 6-31-27 and the rent includes heat, hot water, and electric. The food service unit has metered electric, and a three-bowl scullery system installed in 2018 is noted. The residential units on the second floor have separate utilities and TAWs, and the property includes legal egresses.

Additional building details include a common half bath on the first floor, tenant-shared coin-op laundry, and landlord-owned appliances (including two stoves, two refrigerators, and a scullery sink unit) that remain with the building. Low-maintenance vinyl siding is described, along with water/sewer service and a roof replacement in 2016. The building is secured and includes lots of off-street parking.

The property is located at 531 Summer St with frontage on Summer St and Valley Rd, and it is described as close to shopping, groceries, banks, restaurants, schools, and Felton Field, with commuter-friendly access.

Key Highlights

4‑unit mixed‑use building with commercial units on the 1st floor and 2 residential apartments on the 2nd floor
1st‑floor office suite has a lease through 6/31/27 and includes heat, hot water, and electric
1st‑floor food window/service uses metered electric; 3‑bowl scullery system installed in 2018 (TAW)

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.5k	$19.80
− Vacancy	−$1.1k	−$0.49
EGI	$45.3k	$19.31
− OpEx	−$13.6k	−$5.79
NOI	$31.7k	$13.52

2,347 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use

Office B

$611.1K

$534.7K – $712.9K (±1% cap)

NOI $42,774 @ 7.0% cap · market cap 10.56%

Second Best

Multifamily LT 5

$453.2K

$396.6K – $528.8K (±1% cap)

NOI $31,726 @ 7.0% cap · market cap 7.83%

Theoretical Best

Office A

$801.5K

$701.3K – $935.1K (±1% cap)

NOI $56,103 @ 7.0% cap · market cap 13.85%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ms. Melissa Wojtkowski Counselor Sonya Brock Foster Care Service

Suggested Use

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View Details
$405,000

2,347 SF

Mixed-Use Building with Office and Food Window

Two first-floor commercial rental units pair with two second-floor residential apartments in a secured, low-maintenance building.

531 Summer St, Barre, MA 01005

View Details

For sale
Quadplexes
MA
Barre
01005
531 Summer St

What type of property is this?

Quadplex - Four-unit mixed-use property with two commercial units on the first floor and two residential units on the second floor.

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 $405,000.

What are key features of this property?

This property features: 4‑unit mixed‑use building with commercial units on the 1st floor and 2 residential apartments on the 2nd floor; 1st‑floor office suite has a lease through 6/31/27 and includes heat, hot water, and electric; 1st‑floor food window/service uses metered electric; 3‑bowl scullery system installed in 2018 (TAW)