Mixed-Use Property in
78 State Road, Great Barrington, MA 01230
Four-unit mixed-use property in Great Barrington, Massachusetts.
Type:MultiFamily
Property size:
2,560 SFPrice / SF:
$283/SF- Added:
- Jun 7, 2025
- Days on Market:
- 361
- Last Refresh:
- Mar 13 at 3:02 pm
Property Features for 78 State Road
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1900
Listing agent Tim Dunn License #9560181 (413) 768-9551
Listing office VENTURE REAL ESTATE, INC (413) 768-9551
Listing date Jun 7, 2025
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of VENTURE REAL ESTATE, INC
HighLights
- Prime downtown Great Barrington location with high visibility and foot traffic.
- 4‑unit mixed‑use property (3 apartments, 1 commercial space).
- Immediate value‑add potential with two vacant units (one apartment and the commercial space).
- Two residential units have long‑term tenants with strong payment history.
- Well‑maintained property with desirable features like natural gas heating and wood floors.
- Full basement and lead paint delead certification.
Overview
This well-maintained four-unit mixed-use property is located in downtown Great Barrington, Massachusetts. The property consists of three one-bedroom apartments and one street-level commercial space. The commercial space benefits from excellent visibility and steady foot traffic. Two of the residential units are currently occupied by long-term tenants with a strong payment history. Two units, one apartment and the commercial space, are currently vacant. The property offers an investment opportunity for an investor or owner-occupant.
Local Financial Insights For Multifamily LT 5
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 | $55.3k | $21.60 |
| − Vacancy | −$735 | −$0.29 |
| EGI | $54.6k | $21.31 |
| − OpEx | −$16.4k | −$6.39 |
| NOI | $38.2k | $14.92 |
2,560 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$499.8K
$437.3K – $583.1K
NOI $34,985 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$749.6K
$655.9K – $874.5K
NOI $52,470 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Great Barrington
- County
- Berkshire
- State
- Massachusetts
- Longitude
- -73.353714
- Latitude
- 42.2020455
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use property in Great Barrington, Massachusetts.
Where is this mixed-use property located?
The property is located at 78 State Road Great Barrington, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime downtown Great Barrington location with high visibility and foot traffic.; 4‑unit mixed‑use property (3 apartments, 1 commercial space).; Immediate value‑add potential with two vacant units (one apartment and the commercial space).
