Mixed-Use Development
3 - 5 Park Street Ayer, MA 01432
3 - 5 Park Street, Ayer, MA, 01432
$550,000
For Sale
$550,000
Property combines 11 residential units with 1 commercial space and includes off-street parking on a manageable lot.
Property Size1,533 SF
Price / SF$358.77
Days on Market83
Property Features for 3 - 5 Park Street
General Information
- Standard status
- Active
- Size
- 1,533 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
MA Real Estate Center
Listed by
Pat Bagni Latimer
(617) 680-0690
Source
Inrealtyinc
Added: May 1 Updated: Jul 21 at 4:08PM Checked: Jul 21 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MA Real Estate Center
Investment Insights
Based on property information with market context.
This for-sale mixed-use property at 3–5 Park Street includes 11 residential units and 1 commercial space within an attached, multi-unit building. The listing positions the building as an opportunity for redevelopment, with a layout shown via an attached plan.
The property is described as being in Ayer’s downtown area, within walking distance of local shops, dining, and a commuter rail stop. It also notes nearby access to the MBTA Boston–Fitchburg line, supporting connectivity to surrounding communities.
An off-street parking component is included, and the lot is characterized as manageable, providing a practical base for redevelopment or continued income potential consistent with the property’s mixed-use configuration.
The property is described as being in Ayer’s downtown area, within walking distance of local shops, dining, and a commuter rail stop. It also notes nearby access to the MBTA Boston–Fitchburg line, supporting connectivity to surrounding communities.
An off-street parking component is included, and the lot is characterized as manageable, providing a practical base for redevelopment or continued income potential consistent with the property’s mixed-use configuration.
Key Highlights
- Year built 1930; mixed‑use building combining 11 residential units and 1 commercial space
- Located in downtown Ayer, with nearby shops, dining, and a commuter rail stop
- Includes off‑street parking on a manageable lot
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $38.16 |
| − Vacancy | −$3.0k | −$1.98 |
| EGI | $55.5k | $36.18 |
| − OpEx | −$25.0k | −$16.28 |
| NOI | $30.5k | $19.90 |
1,533 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$435.7K
$381.3K – $508.4K
NOI $30,502 @ 7.0% cap · market cap 5.55%
Second Best
Mixed Use
$361.4K
$316.2K – $421.6K
NOI $25,295 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$907.5K
$794.1K – $1.06M
NOI $63,527 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Property combines 11 residential units with 1 commercial space and includes off-street parking on a manageable lot.
Where is this apartment building located?
The property is located at 3 - 5 Park Street Ayer, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Year built 1930; mixed‑use building combining 11 residential units and 1 commercial space; Located in downtown Ayer, with nearby shops, dining, and a commuter rail stop; Includes off‑street parking on a manageable lot
