- $265,000
- MLS#: 5072868
- 5
- # of Units
- 3,220
- Total Sq. Feet
- 0.37
- Acres
- $4,771
- Taxes
1 of 22
General Property Information
- Price:
- $265,000
- County:
- VT-Rutland
- Acres:
- 0.37
- Property Type:
- Multi-Family
- Property Status:
- Under Contract
- # of Units:
- 5
- Agency/Brokerage:
- Joshua Lemieux
Remax Summit
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.
Features
- Property Type:
- Multi-Family
- # of Units:5
- Subdivision Name:
- Year Built:
- 1885
- Parking:
- Road Frontage:
- 0
- Acres:0.37
- Gross Income:
- 53,400
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 5
- Sq Ft (Above Ground):
- 3220
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 3220
- Land Description:Open,River,In Town
- Elementary School:
- Fair Haven Grade School
- Middle School:
- Fair Haven Grade School
- High School:
- Fair Haven UHSD #16
- Financing Details:
- Documents Available:
- Deed,Lease Agreements,Property Disclosure
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1000.00
Unit 2
- #Rooms:
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 900.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 650.00
Unit 4
- #Rooms:
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 1000.00
Unit 5
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 900.00
Other Information
- List Date:
- 2026-01-01
- Last Updated:
- 2026-01-28 14:18:44
