Bought with Peter N Cahill • Vermont Real Estate Company
$245,000
$265,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
3,220 SqFt
SOLD DATE : 09/10/2026
Key Details
Sold Price $245,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $76
MLS Listing ID 5072868
Sold Date 09/10/26
Bedrooms 8
Full Baths 5
Construction Status Existing
Year Built 1885
Annual Tax Amount $4,771
Tax Year 2026
Lot Size 0.370 Acres
Acres 0.37
Property Description
This well-maintained five-unit multifamily asset offers a strong investment profile, anchored by a solid 10% cap rate and consistent rental performance. The property features a diversified unit mix consisting of three two-bedroom apartments, one one-bedroom unit, and one efficiency, supporting broad tenant appeal and reliable occupancy. Operating efficiency is enhanced by landlord-provided heat, trash removal, snow removal, and lawn care, while tenants are responsible for electric utilities in all units except Apartment C. A large off-street parking area adds further value by providing ample, convenient parking for residents. Strategically located within walking distance to local shops, restaurants, a laundromat, and everyday services, the property benefits from sustained rental demand and a history of consistent occupancy. With strong cash flow, practical management features, and an attractive return profile, this asset is well-suited for investors seeking dependable income whether expanding an existing portfolio or entering the multifamily market with confidence.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Mixed River
Body of Water River
Rooms
Basement Entrance Walkout
Basement Full, Assigned Storage, Unfinished, Walkout
Interior
Cooling None
Flooring Combination, Vinyl
Exterior
Utilities Available Cable Available, Telephone Available
Water Access Desc Yes
Roof Type Membrane
Building
Story 2
Sewer Public
Architectural Style Multi-Family, Multi-Level
Construction Status Existing
Schools
Elementary Schools Fair Haven Grade School
Middle Schools Fair Haven Grade School
High Schools Fair Haven Uhsd #16
School District Fair Haven School District
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