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    Updated Multi-Family Investment Opportunity Title is generated by Realmo AI

    7-9 Elm Street, Waterbury, VT 05676

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    Claim this Listing
    For Sale
    $399,000

    Multi-Family - Waterbury, VT

    Property size:
    2,726 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $146/SF
    Added:
    Jun 6, 2025
    Days on Market:
    338
    Last Refresh:
    May 9 at 8:06 pm

    Property Features for 7-9 Elm Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Neighborhood
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    EntryLevel
    Unit 1: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    2,726 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5842

    Utilities

    Heating system
    Natural Gas, Propane (Heating)

    Building Details

    Year built
    1875
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Filomena Siner

    Listing agent Filomena Siner

    Listing office BHHS Vermont Realty Group/Waterbury 98 South Main St. Suite 1, South Burlington, VT

    Listing date Jun 6, 2025

    MLS# 5045188 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

    • Turnkey investment property with two units, offering immediate rental income.
    • Extensive updates and safety features including new smoke/CO detectors, GFCI outlets, inspected heating systems, new fire extinguishers, new parking area and driveway with drainage, and new gutters.
    • Separate utilities, private entrances, and private storage areas enhance tenant appeal.
    • Upstairs unit features 6 rooms including 3 bedrooms and finished attic space; downstairs unit has 5 rooms including a bonus room and in‑unit washer/dryer.
    • Convenient location close to I89, mountain bike trails, breweries, dining, skiing, and golfing.
    • Remodeled downstairs unit with new windows (except one), efficient Rinnai propane heat, and new electric hot water heaters.

    Overview

    This multi-family property in Waterbury, VT, presents an opportunity for investors or owner-occupiers. Recent updates include fire and safety recommendations, such as new smoke and CO detectors, GFCI outlets, railings, guards, inspected and tagged heating systems, new fire extinguishers, and bathroom vents. A list of these updates is available. Additional improvements include a new parking area and driveway with drainage, as well as new gutters. The upstairs unit features 6 rooms, including a dining room, kitchen, living room, and 3 bedrooms, along with 318 square feet of finished attic space. A washer/dryer hookup is available. The downstairs unit has 5 rooms: a living room, kitchen, two bedrooms, and a bonus room, plus an in-unit washer and dryer. A finished side entry serves as a mudroom and storage area. This unit has been remodeled and includes new windows (except one). Tenants benefit from efficient Rinnai propane heat, new electric hot water heaters, private entrances, private storage areas, separate utilities, and ample parking. The property features a welcoming front porch, 9-foot ceilings, large kitchens, and floors. The property is close to I89, mountain bike trails, breweries, dining, skiing, and golfing. The total property size is 2726 square feet, situated on a 0.2-acre lot. Some retail use is allowed; specifics should be verified with zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    Washington
    State
    Vermont
    Longitude
    -72.7566521
    Latitude
    44.3372083

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    FAQs

    What type of property is this?
    Duplex - Turnkey Waterbury multi-family with updates and income potential.
    Where is this duplex located?
    The property is located at 7-9 Elm Street Waterbury, VT.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Turnkey investment property with two units, offering immediate rental income.; Extensive updates and safety features including new smoke/CO detectors, GFCI outlets, inspected heating systems, new fire extinguishers, new parking area and driveway with drainage, and new gutters.; Separate utilities, private entrances, and private storage areas enhance tenant appeal.
    (802) 498-5407
    We can help!
    Listing Contact
    Filomena Siner
    Learn More
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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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