Building Details

Building Size 3,598 SF

Year Built 1750

Stories 4

Units 3

Listing Agency: Janice Mitchell R.E., Inc

Listed By: Tracey Fiorelli · License #453003651 Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 2:33PM

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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 Janice Mitchell R.E., Inc

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Investment Insights

Based on property information with market context.

At 50 Pleasant St in Barre, this mixed-use property combines a main home with an accessory dwelling, a second-floor apartment, and a separate two-story artist studio. The main residence includes three second-floor bedrooms, a formal dining room, den, family room, dine-in kitchen, and first-floor laundry. The accessory dwelling has its own entrance, living room, bedroom, kitchenette, and full bath. The apartment offers one bedroom, a full kitchen, dining area, living room, full bath, and private deck. The studio includes a post-and-beam first floor, kitchen, full bath, and loft.

Built in 1750, the property sits on a flat lot with stone walls and mature trees. Improvements include replacement windows, an updated electrical panel, mini-split systems in the main house, and a 30-year architectural shingle roof. Parking is available alongside a detached two-car garage.

Key Highlights

• Main home, accessory dwelling, second‑floor one‑bedroom apartment, and separate two‑story artist studio
• Studio includes a post‑and‑beam first floor, kitchen, full bath, and loft
• Main residence has three second‑floor bedrooms, formal dining room, den, family room, and dine‑in kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,327

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$846,540 $846.5K

Cap Rate 7%

$604,671 $604.7K

Cap Rate 9%

$470,300 $470.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,598 SF

Gross rent

$79.0K $21.96/SF

− Vacancy

−$2.1K −$0.57/SF

EGI

$77.0K $21.39/SF

− OpEx

−$34.6K −$9.63/SF

NOI

$42.3K $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%

$846,540

Cap Rate 7%

$604,671

Cap Rate 9%

$470,300

Alternative Uses

Best Use

Apartment 5plus

$604.7K

$529.1K – $705.5K (±1% cap)

NOI $42,327 @ 7.0% cap · market cap 8.48%

Second Best

Mixed Use

$463.6K

$405.6K – $540.8K (±1% cap)

NOI $32,449 @ 7.0% cap · market cap 6.50%

Theoretical Best

Office A

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,007 @ 7.0% cap · market cap 17.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Solaire Solar System Solar Energy Company

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Plumbing Service Bakery (Bike/Boat/Book/etc) Store Hair Salon

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

138

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Several distinct living spaces accompany a two-story studio with a loft and private access.

Where is this mixed-use property located?

The property is located at 50 Pleasant St Barre, MA.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Main home, accessory dwelling, second‑floor one‑bedroom apartment, and separate two‑story artist studio; Studio includes a post‑and‑beam first floor, kitchen, full bath, and loft; Main residence has three second‑floor bedrooms, formal dining room, den, family room, and dine‑in kitchen