One of the solutions for overheating the interior in the summer without increasing energy consumption is the integration of phase change material (PCM) into interior plasters. However, adding PCM to plasters deteriorates their properties and thus their usability. The aim of this paper is to determine how the microencapsulated PCM affects the mechanical, thermal, and fire properties of plasters and how much PCM can be added to the plaster. Two sets of samples were prepared: in set S, part of the aggregate was replaced by PCM; and in set R, only PCM was added. The bulk density, flexural strength, compressive strength, tensile strength perpendicular to the surface, thermal conductivity coefficient, specific heat capacity, melting, and solidification temperatures and enthalpy were measured. A single-flame source fire test and a gross heat of combustion fire test were performed to determine the reaction to the fire class. The results show that with an increasing proportion of PCM, the strength of the samples of set R decreased more significantly than it did with the samples of set S. It was found that only up to about 10% PCM could be added to set R, while up to 30% PCM could be added to set S.