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    66 Bank St Saint Albans, VT 05478

    View on Map
    Sponsored
    For Sale
    $488,000

    Multi-Family - St. Albans City, VT

    Property size:
    2,502 SF
    Lot size:
    0.34 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 25 at 8:06 pm

    Property Features for 66 Bank St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    High Density Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    EntryLevel
    Unit 1: 1&2,Unit 2: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,502 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas, Other (Heating)

    Building Details

    Year built
    1850
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt, Shingle, Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Cross

    Flex Realty

    Listing agent Adam Cross

    Listing date Mar 19, 2026

    MLS# 5079899 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

    Victorian Home with Income Potential

    This Victorian home, originally built in 1850, offers both character and functionality. Approved as a duplex, the property can also serve as a spacious single-family residence with interior access from the main house. The secondary unit features 1 bedroom, 1 bathroom, a comfortable living room, and a large eat-in kitchen complete with its own laundry. The primary unit includes 3 bedrooms, 1 full bathroom, a kitchen, laundry area, and elegant entertaining spaces. The parlor and dining room are divided by impressive double pocket doors. Abundant storage options are available, including two shed spaces as well as some unfinished space above that could be completed for additional finished space with more income potential. Situated on a corner lot, the oversized city parcel provides yard space, with berry bushes and young grapevines. Updates include newer windows throughout much of the property, refreshed wood flooring, and upgrades to the decking with pressure-treated lumber. A privacy screen of lilacs is present along High Street. The property, located in St. Albans City, Vermont, sits on a 0.34-acre lot and offers 2502 square feet of living space. The property is zoned for high-density residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Franklin
    State
    Vermont
    Longitude
    -73.0784395
    Latitude
    44.8117253

    Nearby Similar for Sale

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    • $1,300,000

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    FAQs

    What type of property is this?
    Duplex - Versatile Victorian home in St. Albans City, Vermont.
    Where is this duplex located?
    The property is located at 66 Bank St Saint Albans, VT.
    What is the asking price?
    The asking price for this property is $488,000.
    What are key features of this property?
    This property features: - Versatile property approved as a duplex, suitable for investment, owner-occupancy, or a single-family home.; - Historic Victorian home (built in 1850) with original character and features like double pocket doors.; - Two separate units: a 3-bedroom unit and a 1-bedroom unit, each with its own kitchen and laundry.
    (802) 598-7738
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    66 Bank St Saint Albans, VT 05478
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    Saint Albans, VT 05478
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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
    66 Bank St Saint Albans, VT 05478
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    Listing Contact
    Adam Cross
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