531 Summer St Barre, MA 01005
Two first-floor commercial rental units pair with two second-floor residential apartments in a secured, low-maintenance building.
- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 2:41 am
Property Features for 531 Summer St
General Information
- Standard status
- Active
- Size
- 2,347 SF
Building Details
- Year Built
- 1900
Listing office RE/MAX Vision
Listing date Jul 9, 2026
Source Laerrealty
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 RE/MAX Vision
Investment Insights
Based on property information with market context.
The second floor includes two residential apartment units, each with separate utilities and legal egress, and they are tenant occupied under separate tenancies. Landlord-owned appliances and laundry items include 2 stoves, 2 refrigerators, and coin-op washer/dryer plus a scullery sink unit. The property is secured and has low maintenance vinyl siding.
Additional building updates noted include a roof completed in 2016. The offering includes plenty of off-street parking, and the building is described as close to shopping, banks, restaurants, schools, and Felton Field, with commuter-friendly access.
Key Highlights
- Mixed‑use building with 2 first‑floor commercial rental units and 2 second‑floor residential apartment units
- 1st‑floor office has a lease agreement through 6‑30‑27; includes heat, hot water and electric
- Food window service tenant uses metered electric; 3‑bowl scullery system installed in 2018
Local Financial Insights For Mixed Use
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 | $36.6k | $15.60 |
| − Vacancy | −$2.7k | −$1.17 |
| EGI | $33.9k | $14.43 |
| − OpEx | −$12.7k | −$5.41 |
| NOI | $21.2k | $9.02 |
