4-Unit Mixed-Use
For Sale
$384,900
531 Summer St, Barre, MA 01005
Residential Income, Barre, MA
Property Size2,347 SF
Lot Size0.36 Acres
Price / SF$163
Days on Market118
Property Features for 531 Summer St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2
Parking
15
Elementary school
Ruggles Lane
Middle school
Quabbin 6-8
High school
Quabbin 9-12
Directions
Summer St is Rt 122
Standard status
Active
APN
M:00EA B:0029 L:,3644560
Size
2,347 SF
Lot size
0.36 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
office, restaurant, residential
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3050
Amenities
coin-op laundry
Building Details
Year built
1900
Floors in Building
4
Number of units
4
Buildings
1
Listing Agency:
RE/MAX Vision · RE/MAX International
Listed By:
Jeff Burk · License #9035530
(508) 595-9900
Added: Jul 7
Changed: Nov 1
Last Checked: Nov 1 at 7:06AM
MLS# 73545997
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2,347-square-foot building contains four units: a three-room office suite and a food-service window on the first floor, with two apartments above. The residential units have separate utilities and legal egresses. A shared half bath and coin-operated laundry serve the first floor. Landlord-owned appliances include two stoves, two refrigerators, and a scullery sink unit; the food-service space also has a three-bowl scullery system installed in 2018. Vinyl siding, a secured building, and a roof replaced in 2016 are among the property’s features. Water and sewer service are present.
The 0.3627-acre property has frontage on Summer Street and Valley Road, with off-street parking. Shopping, grocery stores, banks, restaurants, schools, and Felton Field are among the nearby destinations.
The 0.3627-acre property has frontage on Summer Street and Valley Road, with off-street parking. Shopping, grocery stores, banks, restaurants, schools, and Felton Field are among the nearby destinations.
Key Highlights
- Four units: two commercial spaces and two apartments
- 2,347 square feet on a 0.3627‑acre site
- Three‑room office suite and food‑service window on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,610
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,200
$552.2K
Cap Rate 7%
$394,429
$394.4K
Cap Rate 9%
$306,778
$306.8K
Market Conditions
NOI Build-Up for 2,347 SF
Gross rent
$51.5K $21.96/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$50.2K $21.39/SF
− OpEx
−$22.6K −$9.63/SF
NOI
$27.6K $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%
$552,200
Cap Rate 7%
$394,429
Cap Rate 9%
$306,778
Alternative Uses
Best Use
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,610 @ 7.0% cap · market cap 7.17%
Second Best
Mixed Use
$302.4K
$264.6K – $352.8K
NOI $21,167 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,103 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
104
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial suites and apartments are arranged across the building’s two floors.
Where is this mixed-use property located?
The property is located at 531 Summer St Barre, MA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Four units: two commercial spaces and two apartments; 2,347 square feet on a 0.3627‑acre site; Three‑room office suite and food‑service window on the first floor
