Renovated Side-by-Side
For Sale
Under Contract
$775,000
102 Spring Glen, Killington, VT 05751
Multi-Family, Killington, VT
Property Size2,392 SF
Lot Size1.10 Acres
Price / SF$323
Days on Market50
Property Features for 102 Spring Glen
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Parking features
Driveway
Patio and Porch features
Patio, Porch
Exterior features
Patio, Covered Porch, Shed
Appliances
Electric Water Heater, Separate Water Heater
Lot features
Level, Wooded, Neighborhood, Private
Elementary school
Killington Elementary School
Middle school
Woodstock Union Middle School
High school
Woodstock Union High School
Directions
Route 4 in Killington to Spring Hill Road, bear left on Spring Glen, go to end.
Standard status
Active Under Contract
Size
2,392 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8150
Utilities
Utilities
Propane
Heating system
Electric (Heating)
Water source
Private, Well
Building Details
Year built
1973
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile, Combination, Carpet
Building materials
Wood Frame, Vertical Siding, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Killington Pico Realty
(802) 422-3600
Listed By:
Kyle Kershner
(802) 422-3600
Added: Jul 4
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# 5098164
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,392 square feet on a 1.1-acre parcel. Each unit includes two bedrooms, a bonus room, two full bathrooms, a separate water heater, and individual utilities. Interior improvements include new wiring, insulation, egress windows, a code-compliant fire alarm system, laminate flooring, stainless steel appliances, white cabinetry, and faux stone countertops. Sunken living rooms feature 9-foot ceilings, while private patios extend each unit’s usable space.
The property sits at the end of a quiet dead-end road and includes a full-length covered front porch, driveway parking, and a shed. Killington Road’s restaurants, shops, nightlife, and year-round recreation are just minutes away. The property is served by a private well and propane, with electric heating, a shingle roof, and wood-frame construction. Residential zoning supports its duplex configuration.
The property sits at the end of a quiet dead-end road and includes a full-length covered front porch, driveway parking, and a shed. Killington Road’s restaurants, shops, nightlife, and year-round recreation are just minutes away. The property is served by a private well and propane, with electric heating, a shingle roof, and wood-frame construction. Residential zoning supports its duplex configuration.
Key Highlights
- 2,392 square feet on 1.1 acres
- Two side‑by‑side units, each with 2 bedrooms, a bonus room, and 2 full bathrooms
- Fully renovated with new wiring, insulation, egress windows, and a code‑compliant fire alarm system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,668
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,360
$453.4K
Cap Rate 7%
$323,829
$323.8K
Cap Rate 9%
$251,867
$251.9K
Market Conditions
NOI Build-Up for 2,392 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.0K $13.80/SF
− Vacancy
−$627 −$0.26/SF
EGI
$32.4K $13.54/SF
− OpEx
−$9.7K −$4.06/SF
NOI
$22.7K $9.48/SF
Area
Rutland County, VT
Vacancy
1.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,360
Cap Rate 7%
$323,829
Cap Rate 9%
$251,867
Alternative Uses
Best Use
Multifamily LT 5
$323.8K
$283.4K – $377.8K
NOI $22,668 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 2.69%
Theoretical Best
Healthcare Medical
$416.5K
$364.4K – $485.9K
NOI $29,153 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 05751, VT
1,415
Population
2,759
Households
0.5
Avg Household Size
46
Median Age
48%
College-Educated
100%
High-School Grad
46.7 sq mi
ZIP Area
30
Density / Sq Mi
$71,538
Median Household Income
$45,781
Median Earnings
$1,125
Median Rent
$477,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two private residential units offer flexible living arrangements, separate utilities, outdoor spaces, and updated interiors.
Where is this duplex located?
The property is located at 102 Spring Glen Killington, VT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,392 square feet on 1.1 acres; Two side‑by‑side units, each with 2 bedrooms, a bonus room, and 2 full bathrooms; Fully renovated with new wiring, insulation, egress windows, and a code‑compliant fire alarm system
