Historic
43 Summer St, Barre, MA 01005
For Sale
$375,000
Two residences offer generous living areas and period architectural details.
Property Size1,845 SF
Price / SF$140.03
Days on Market18
Property Features for 43 Summer St
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
William Neylon Real Est.
(978) 355-2154
Listed By:
Justin Neylon
(978) 277-1935
Source:
Iverty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 5:55AM
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 William Neylon Real Est.
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Investment Insights
Based on property information with market context.
Built in 1845, this 2,678-square-foot duplex contains two residences with generous living areas and architectural features from its era. A spacious backyard provides additional outdoor space.
The property is within walking distance of Barre’s town center, with shops, restaurants, community events, and green spaces nearby. Worcester is approximately 30 minutes away.
The property is within walking distance of Barre’s town center, with shops, restaurants, community events, and green spaces nearby. Worcester is approximately 30 minutes away.
Key Highlights
- Two residences in an 1845‑built duplex
- 2,678 square feet of building area
- Spacious backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,504
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,080
$630.1K
Cap Rate 7%
$450,057
$450.1K
Cap Rate 9%
$350,044
$350.0K
Market Conditions
NOI Build-Up for 2,678 SF
Gross rent
$58.8K $21.96/SF
− Vacancy
−$1.5K −$0.57/SF
EGI
$57.3K $21.39/SF
− OpEx
−$25.8K −$9.63/SF
NOI
$31.5K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,080
Cap Rate 7%
$450,057
Cap Rate 9%
$350,044
Alternative Uses
Best Use
Multifamily LT 5
$517.1K
$452.5K – $603.3K
NOI $36,200 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$450.1K
$393.8K – $525.1K
NOI $31,504 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$914.5K
$800.2K – $1.07M
NOI $64,015 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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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
$328,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer generous living areas and period architectural details.
Where is this duplex located?
The property is located at 43 Summer St Barre, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences in an 1845‑built duplex; 2,678 square feet of building area; Spacious backyard
