Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Unit Multifamily with Barn Offices Title is generated by Realmo AI

    2892 US Route 2, East Montpelier, VT 05651

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $349,000

    MULTI_FAMILY - Other - East Montpelier, VT

    Property size:
    3,035 SF
    Lot size:
    1.01 Acres
    Price / SF:
    $114/SF
    Added:
    May 12, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 2892 US Route 2

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res and Commercial
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 2, Basement, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Patio and Porch features
    Deck, Porch
    Exterior features
    Barn, Deck, Garden Space, Porch
    Appliances
    Electric Water Heater, Separate Water Heater
    Standard status
    Active Under Contract
    Size
    3,035 SF
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7563

    Utilities

    Utilities
    Propane
    Sewer type
    Mound Septic
    Heating system
    Propane (Heating), Oil, Heat Pump (Heating), Ductless (Heating), Baseboard, Hot Water(Heating)
    Cooling system
    Zoned, Ductless
    Water source
    Public

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood, Laminate
    Building materials
    Wood Frame, Wood Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Lauren Gould

    Listing agent Lauren Gould

    Listing office Green Light Real Estate 63 Barre Street., Montpelier, VT

    Listing date May 12, 2026

    MLS# 5088347 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.

    HighLights

    • 3‑unit multifamily with multiple bedrooms and bathrooms across the building
    • Major upgrades reported: new windows, updated electrical, new plumbing, and new septic system
    • Heating includes multiple systems: heat pump(s), ductless units, baseboard, and hot water
    • Cooling: zoned and ductless cooling systems
    • Private outdoor space includes a private porch, deck, and porch areas for residents
    • On‑site barn with 2 dedicated office spaces, each with its own separate heat pump

    Overview

    This three-unit multifamily property has undergone major upgrades, including new windows, a new heating system, updated electrical, new plumbing, and a new septic system. The homes include two larger two-bedroom, one-bath units and a one-bedroom, one-bath unit. Unit 1 features a private porch and separate living and dining rooms, along with a spacious kitchen. Unit 2 (upstairs, not pictured) is a two-bedroom, one-bath unit with a long-term tenant in place. The one-bedroom unit was recently added and includes a large back deck overlooking a 1+ acre yard, with two heat pumps and forced hot water heat. A large driveway provides parking for residents.

    The property is located at 2892 US Route 2 in East Montpelier, Vermont. Zoning is listed as Res and Commercial, and the setting includes a large barn that can support storage for personal use or for other income-generating needs tied to the property.

    The barn includes two dedicated office spaces, and each office has its own separate heat pump. The mix of residential units and heated barn offices can support a variety of owner-operator or tenant scenarios, with the current Unit 2 tenant providing an in-place residential occupancy component. On-site systems are newly updated, including the septic, offering a practical base for day-to-day ownership and management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    East Montpelier
    County
    Washington
    State
    Vermont
    Longitude
    -72.4870244
    Latitude
    44.2702054

    FAQs

    What type of property is this?
    Triplex - Three-unit residential income property with major system upgrades, plus a barn offering two heated office spaces.
    Where is this triplex located?
    The property is located at 2892 US Route 2 East Montpelier, VT.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 3‑unit multifamily with multiple bedrooms and bathrooms across the building; Major upgrades reported: new windows, updated electrical, new plumbing, and new septic system; Heating includes multiple systems: heat pump(s), ductless units, baseboard, and hot water
    (802) 225-6425
    We can help!
    Listing Contact
    Lauren Gould
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2892 US Route 2, East Montpelier, VT 05651
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!