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    Two-Unit Duplex Investment Title is generated by Realmo AI

    345 Lake Street, Saint Albans, VT 05478

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    Claim this Listing
    For Sale
    $330,000

    MULTI_FAMILY - Other - St. Albans Town, VT

    Property size:
    2,432 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $135/SF
    Added:
    May 20, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 345 Lake Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2
    Patio and Porch features
    Porch
    Exterior features
    Natural Shade, Covered Porch
    Appliances
    Natural Gas Water Heater
    Standard status
    Active
    Size
    2,432 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3492

    Utilities

    Utilities
    Cable Available
    Sewer type
    Mound Septic
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Foley

    Listing agent Robert Foley

    Listing office Flat Fee Real Estate 26 Hillcrest Road, Burlington, VT

    Listing date May 20, 2026

    MLS# 5089869 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

    • Duplex property on the border of St. Albans City and St. Albans Town (on the Town side of the border)
    • First unit: 3 bedrooms and 1 full bath; located in the front half of the home with a first‑floor bedroom
    • Second unit: 2 bedrooms and 1 full bath; occupies the back of the building with both bedrooms on the second floor
    • Both units are two floors with a metal roof
    • Utilities and services include natural gas heat and a natural gas water heater; public water and mound septic
    • Wood‑frame home with vinyl siding; includes covered porch and cable available

    Overview

    This two-unit duplex offers a straightforward layout with two floors per unit. The front unit is located in the front half of the building and features three bedrooms and one full bath, with a first-floor bedroom included. The second unit occupies the back of the building and is configured across two floors, with both bedrooms located on the second floor.

    The property is situated just on the Town side of the St. Albans City and St. Albans Town border. It’s described as a short walk to downtown restaurants and shopping, which may support tenant convenience for everyday needs.

    As a residential income property, the duplex provides a practical live-in or rental-basis arrangement with distinct front and rear units. The differing bedroom layouts may also appeal to a range of household sizes, and the two-floor configuration within each unit offers a clear internal separation between living areas across levels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Franklin
    State
    Vermont
    Longitude
    -73.101279
    Latitude
    44.81172

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    FAQs

    What type of property is this?
    Duplex - Two-floor duplex with separate front and rear units, each configured with multiple bedrooms and full bath.
    Where is this duplex located?
    The property is located at 345 Lake Street Saint Albans, VT.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Duplex property on the border of St. Albans City and St. Albans Town (on the Town side of the border); First unit: 3 bedrooms and 1 full bath; located in the front half of the home with a first‑floor bedroom; Second unit: 2 bedrooms and 1 full bath; occupies the back of the building with both bedrooms on the second floor
    (802) 318-0833
    We can help!
    Listing Contact
    Robert Foley
    Request Owner's contact information
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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.

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    345 Lake Street, St. Albans Town, VT 05478
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