Quadplex with Off-Street
For Sale
$399,900
531 Summer St, Barre, MA 01005
Residential Income, Barre, MA
Property Size2,347 SF
Lot Size0.36 Acres
Price / SF$170.39
Days on Market49
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 3, Bedroom 1, Bathroom 1, Bathroom 2, 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
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3050
Amenities
coin-operated laundry
secured building
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) 595-9900
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 24 at 1:06PM
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 quadplex totals 4 units in a conforming mixed-use arrangement. The 1st floor features 2 commercial rental units: a 3-room office suite and a food window service. The office suite has a lease agreement in place through 6-31-27 and includes heat, hot water, and electric. The food service window uses metered electric and includes a 3-bowl scullery system installed in 2018.
The 2nd floor provides 2 residential apartment units with separate utilities and legal egresses. A common half bath serves the 1st floor, and the space includes tenant-shared coin-op laundry. Landlord-owned equipment for the food service area includes 2 stoves, 2 refrigerators, and a scullery sink unit that will remain with the building.
The property includes low-maintenance vinyl siding and roof work completed in 2016. Built in 1900, the building offers secured entry and extensive off-street parking, with frontage on Summer St and Valley Rd near everyday shopping and services.
The 2nd floor provides 2 residential apartment units with separate utilities and legal egresses. A common half bath serves the 1st floor, and the space includes tenant-shared coin-op laundry. Landlord-owned equipment for the food service area includes 2 stoves, 2 refrigerators, and a scullery sink unit that will remain with the building.
The property includes low-maintenance vinyl siding and roof work completed in 2016. Built in 1900, the building offers secured entry and extensive off-street parking, with frontage on Summer St and Valley Rd near everyday shopping and services.
Key Highlights
- Total 4 units in a conforming mixed‑use configuration
- 1st floor: 3‑room office suite leased through 6‑31‑27 with heat, hot water, and electric included
- 1st floor food window uses metered electric; 3‑bowl scullery system installed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
$634.5K
Cap Rate 7%
$453,229
$453.2K
Cap Rate 9%
$352,511
$352.5K
Market Conditions
NOI Build-Up for 2,347 SF
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.
Gross rent
$46.5K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$45.3K $19.31/SF
− OpEx
−$13.6K −$5.79/SF
NOI
$31.7K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
Cap Rate 7%
$453,229
Cap Rate 9%
$352,511
Alternative Uses
Best Use
Office B
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 10.70%
Second Best
Multifamily LT 5
$453.2K
$396.6K – $528.8K
NOI $31,726 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,103 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office 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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with mixed-use setup, four units, secured entry, and lots of off-street parking.
Where is this quadplex located?
The property is located at 531 Summer St Barre, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Total 4 units in a conforming mixed‑use configuration; 1st floor: 3‑room office suite leased through 6‑31‑27 with heat, hot water, and electric included; 1st floor food window uses metered electric; 3‑bowl scullery system installed in 2018
