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    Five-Unit Multifamily with Parking Title is generated by Realmo AI

    9 River Street, Fair Haven, VT 05743

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    For Sale
    $265,000

    MULTI_FAMILY - Other - Fair Haven, VT

    Property size:
    3,220 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $82/SF
    Added:
    Jan 1, 2026
    Days on Market:
    155
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 9 River Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mixed River
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bathroom 5, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 1, Basement, Bathroom 4, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
    Parking features
    Paved or Surfaced
    Patio and Porch features
    Porch
    Exterior features
    Porch, Covered Porch
    Standard status
    Active
    Size
    3,220 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4771

    Utilities

    Utilities
    Cable Available
    Heating system
    Oil, Baseboard
    Water source
    Public

    Building Details

    Year built
    1885
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Combination, Vinyl
    Building materials
    Wood Frame
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Lemieux

    Listing agent Joshua Lemieux License #81.0133976

    Listing office RE/MAX Summit 135 North Main Street Ste. 8, Mendon, VT

    Listing date Jan 1, 2026

    MLS# 5072868 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

    • Well‑maintained 5‑unit multifamily asset with a reported 10% cap rate and consistent rental performance.
    • Unit mix includes three 2‑bedroom apartments, one 1‑bedroom unit, and one efficiency unit.
    • Landlord‑provided services include heat, trash removal, snow removal, and lawn care.
    • Tenants pay electric in all units except Apartment C; cable available and water is public.
    • Large off‑street parking area with paved/surfaced parking.
    • Built in 1885 with wood‑frame construction, oil baseboard heating, and a membrane roof.

    Overview

    This well-maintained five-unit multifamily property offers a diversified unit mix, including three two-bedroom apartments, one one-bedroom unit, and one efficiency. The landlord provides heat, trash removal, snow removal, and lawn care, with tenants responsible for electric utilities in all units except Apartment C. The property is supported by a large off-street parking area designed to accommodate resident parking conveniently.

    Located at 9 River Street in Fair Haven, Vermont, the building is described in the remarks as being within walking distance to local shops, restaurants, a laundromat, and everyday services. The offering is presented as having consistent occupancy history, paired with practical on-site management features.

    For investors or owner-operators seeking a small residential income asset, the mix of unit sizes can help broaden tenant appeal across different household types. The bundled service approach for heat and several common exterior items may reduce resident friction and simplify day-to-day operations. As reflected in the provided information, the property is marketed with an emphasis on dependable income characteristics and a “solid 10% cap rate,” alongside the existing rental performance noted in the remarks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fair Haven
    County
    Rutland
    State
    Vermont
    Longitude
    -73.263462
    Latitude
    43.591411

    Nearby Similar for Sale

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    • $254,000

      Fair Haven Renovated Two-Unit Property

      Well-maintained two-unit property with renovated interiors and strong rental income.
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    FAQs

    What type of property is this?
    Apartment building - Five well-maintained apartments with landlord-provided services and a large off-street parking area.
    Where is this apartment building located?
    The property is located at 9 River Street Fair Haven, VT.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Well‑maintained 5‑unit multifamily asset with a reported 10% cap rate and consistent rental performance.; Unit mix includes three 2‑bedroom apartments, one 1‑bedroom unit, and one efficiency unit.; Landlord‑provided services include heat, trash removal, snow removal, and lawn care.
    (802) 772-0670
    We can help!
    Listing Contact
    Joshua Lemieux
    Real Estate License ID: 81.0133976
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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
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