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

31 N Summer Street, Edgartown, MA 02539

The building combines separate commercial and residential entrances with rear parking and basement storage.

Property Size4,525 SF
Days on Market202

Property Features for 31 N Summer Street

General Information

Standard status Active
Size 4,525 SF
Property subtype Commercial

Additional Details

Road Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,626

Amenities

storage spaces
deck

Building Details

Building Size 4,525 SF
Year Built 1985
Buildings 1
Stories 3
Listing Agency: Wallace & Co. Sotheby's International Realty
Listed By: Cassie Courtney · License #9534325
Source: Startpoint
Added: Jan 22 Changed: Aug 10 Last Checked: Aug 11 at 2:36PM

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 Wallace & Co. Sotheby's International Realty

Investment Insights

Based on property information with market context.

Located at 31 N Summer Street in Edgartown, this mixed-use building is undergoing a comprehensive renovation. The property contains 2 commercial spaces and 2 apartments, with each component accessed through its own entrance. Rear parking and basement storage support the building’s mixed commercial and residential configuration.

Renovation improvements include new appliances, tile work, HVAC, exterior copper lanterns, and a redesigned first-floor deck. The property is positioned less than a block from Main Street, and some leases are already in place. The building was constructed in 1985.

Key Highlights

  • 2 commercial spaces and 2 apartments, each with a separate entrance
  • Renovation nearing completion with new appliances, tile work, and HVAC
  • Less than a block from Main Street

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 - The building combines separate commercial and residential entrances 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: 2 commercial spaces and 2 apartments, each with a separate entrance; Renovation nearing completion with new appliances, tile work, and HVAC; Less than a block from Main Street
More about this property
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