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

    352 East Main St Jay, VT 05859

    Sponsored
    For Sale
    $175,000

    Multi-Family - Troy, VT

    Property size:
    2,016 SF
    Lot size:
    0.43 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 352 East Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    Parking
    3
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,016 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Forced Air, Oil

    Building Details

    Year built
    1880
    Floors in Building
    1.75
    Number of units
    2
    Flooring type
    Carpet
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Bedor

    Parkway Realty Associates (802) 748-8169

    Listing agent Amy Bedor (802) 748-8169

    Listing date Jan 23, 2026

    MLS# 5074782 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

    Income-Producing Duplex Near Jay Peak

    This income-producing duplex presents an opportunity for homeowners seeking rental income to offset monthly expenses. Each unit features two floors, in-unit laundry, and separate electric meters, water heaters, and heating systems, enabling tenants to manage their own utility costs. Unit 1 includes 2 bedrooms on the upper level, while Unit 2 offers 3 bedrooms. The property also features a level yard set back from the road and a heated 3-car garage, suitable for personal use or rental income. Conveniently located, the property is approximately 2 minutes from Troy Elementary School and 802 Market & Deli, 7 minutes from Newport Center, and 18 minutes from Jay Peak Resort. North Country Hospital is about 23 minutes away. The Canadian border is less than 2 miles away, with Quebec accessible within a 30-40 minute drive. The property, situated on a 0.43-acre lot, offers 2016 square feet of living space and is zoned for residential use. It is suited for investors, new homeowners, or those interested in multi-generational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Building Supply Wholesale Shop Clothing Store Nail Salon Hotel & Motel Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jay
    County
    Orleans
    State
    Vermont
    Longitude
    -72.393195
    Latitude
    44.994048

    FAQs

    What type of property is this?
    Duplex - Duplex with garage near amenities and Jay Peak Resort.
    Where is this duplex located?
    The property is located at 352 East Main St Jay, VT.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Income-producing duplex: Live in one unit and rent the other to offset mortgage expenses.; - Heated 3-car garage: Offers parking, storage, or potential rental income.; - Separate utilities for each unit: Tenants pay their own electric, water, and heating bills.
    (802) 748-8169
    Request Owner's contact information
    352 East Main St Jay, VT 05859
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    Jay, VT 05859
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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
    352 East Main St Jay, VT 05859
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    We can help!
    Listing Contact
    Amy Bedor
    (802) 748-8169
    Learn more
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