4-Unit Mixed-Use
For Sale
$389,900
531 Summer St, Barre, MA 01005
Residential Income, Barre, MA
Property Size2,347 SF
Lot Size0.36 Acres
Price / SF$166.13
Days on Market96
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
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3
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
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
Listing Agency:
RE/MAX Vision · RE/MAX International
(508) 595-9900
Listed By:
Jeff Burk · License #9035530
(508) 826-3301
Added: Jul 7
Changed: Oct 7
Last Checked: Oct 10 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property contains four units across two floors: a three-room office suite and a food-service window on the first floor, plus two apartments upstairs. The office lease includes heat, hot water, and electric; the food-service space has separately metered electric. Residential units have separate utilities and legal egresses. A shared half bath and coin-operated laundry serve the first floor. Landlord-owned equipment includes two stoves, two refrigerators, and a scullery sink unit. The building has vinyl siding, water and sewer service, and a roof completed in 2016. The food-service scullery system was installed in 2018.
The 0.3627-acre property has frontage on Summer Street and Valley Road in Barre, Massachusetts, with off-street parking. Shopping, grocery stores, banks, restaurants, schools, and Felton Field are listed among nearby destinations.
The 0.3627-acre property has frontage on Summer Street and Valley Road in Barre, Massachusetts, with off-street parking. Shopping, grocery stores, banks, restaurants, schools, and Felton Field are listed among nearby destinations.
Key Highlights
- Four units: two commercial spaces on the first floor and two apartments on the second
- Three‑room office suite and food‑service window; office lease includes heat, hot water, and electric
- Food‑service area has metered electric and a three‑bowl scullery system installed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,706
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,120
$694.1K
Cap Rate 7%
$495,800
$495.8K
Cap Rate 9%
$385,622
$385.6K
Market Conditions
NOI Build-Up for 2,347 SF
Gross rent
$50.7K $21.60/SF
− Vacancy
−$1.1K −$0.48/SF
EGI
$49.6K $21.12/SF
− OpEx
−$14.9K −$6.34/SF
NOI
$34.7K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,120
Cap Rate 7%
$495,800
Cap Rate 9%
$385,622
Alternative Uses
Best Use
Retail
$495.8K
$433.8K – $578.4K
NOI $34,706 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,610 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,103 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and two apartments occupy separate floors, with off-street parking and frontage on two roads.
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 $389,900.
What are key features of this property?
This property features: Four units: two commercial spaces on the first floor and two apartments on the second; Three‑room office suite and food‑service window; office lease includes heat, hot water, and electric; Food‑service area has metered electric and a three‑bowl scullery system installed in 2018
