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    The Largest CRE Database in the US with Over 1 Million Listings

    1186 Route 133 Ira, VT 05777

    Sponsored
    For Sale
    $525,000

    Multi-Family - Ira, VT

    Property size:
    3,808 SF
    Lot size:
    7.10 Acres
    Days on Market:
    168
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 1186 Route 133

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Unknown
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    Parking
    3
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 2,Unit 2: 1,2 & 3
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    3,808 SF
    Lot size
    7.10 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Oil, Pellet Stove (Heating), Propane (Heating)

    Building Details

    Year built
    1807
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Vinyl, Wood
    Roof type
    Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Loughan
    Melissa Loughan

    Westside Real Estate (802) 438-5341

    Listing agent Melissa Loughan (802) 438-5341

    Listing date Aug 15, 2025

    MLS# 5056159 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Colonial with In-Law Suite

    This stately, spacious colonial in Ira, VT, features 5 bedrooms, including a 1-bedroom in-law suite/apartment with a separate propane furnace. The in-law suite is currently used as part of the single-family home. The property includes an attached heated 3-car garage with 11' ceilings and 10' doors, an entry mudroom, and a utility room. The exterior is low-maintenance, with vinyl siding and a slate and standing seam roof. The eat-in kitchen features upgraded tile counters, and there is a large dining room and living room, as well as a first-floor laundry. Formerly known as "Graves Tavern", the property has a drilled well with a small well tank and a shallow spring well with a large well tank used for outside faucets, both connected, along with a 12' x 25' greenhouse. An old, unused well is located in the basement. The second floor includes a sewing room with skylights, and there is additional space in the attic with rooms and walk-in stairs. A barn with 4 stalls and a storage room is also present. The fireplace has a gas insert, and the living room gas stove is not in use. Two bathrooms have been upgraded. A shed provides additional storage space. Situated on 7.1 acres in a private country setting, the property is close to West Rutland, Rutland, skiing, shopping, and the lakes region. The property size is 3808 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Hotel & Motel Accounting Firm Bed & Breakfast Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ira
    County
    Rutland
    State
    Vermont
    Longitude
    -73.03276
    Latitude
    43.56556

    FAQs

    What type of property is this?
    Single family property - Stately 5-bedroom colonial on 7.1 acres near Rutland.
    Where is this single family property located?
    The property is located at 1186 Route 133 Ira, VT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Spacious 5-bedroom colonial on 7.1 acres in a private, country setting.; - Includes a 1-bedroom in-law suite/apartment with separate propane furnace.; - Attached heated 3-car garage with 11' ceiling and 10' doors.
    (802) 438-5341
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    1186 Route 133 Ira, VT 05777
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    Ira, VT 05777
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1186 Route 133 Ira, VT 05777
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    We can help!
    Listing Contact
    Melissa Loughan
    Melissa Loughan
    (802) 438-5341
    Learn more
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