Renovated Side-by-Side
For Sale
$775,000
102 Spring Gln, Killington, VT 05751
Two separately metered residences offer flexible living arrangements with updated interiors and private outdoor spaces.
Property Size2,392 SF
Price / SF$323
Days on Market48
Property Features for 102 Spring Gln
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,149
Building Details
Buildings
1
Listing Agency:
Killington Pico Realty
(802) 422-3600
Listed By:
Kyle Kershner
(802) 422-3600
Source:
Exprealty
Added: Jul 4
Changed: Aug 15
Last Checked: Aug 19 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Killington Pico Realty
Investment Insights
Based on property information with market context.
This 2,392-square-foot duplex contains two side-by-side residences. Each unit includes two bedrooms, a bonus room, two full bathrooms, separate utilities, a private patio, and a kitchen with white cabinetry, stainless steel appliances, faux-stone countertops, and laminate flooring. Live-edge breakfast bars open toward sunken living rooms with 9-foot ceilings. A full-length covered porch serves both residences.
The property underwent a studs-out renovation that included updated wiring, insulation, egress windows, and a code-compliant fire alarm system. Set at the end of a dead-end road in Killington, the home combines a wooded setting with access to restaurants, shops, nightlife, and year-round recreation along Killington Road. The property is also positioned near skiing, snowboarding, mountain biking, and other outdoor activities.
The property underwent a studs-out renovation that included updated wiring, insulation, egress windows, and a code-compliant fire alarm system. Set at the end of a dead-end road in Killington, the home combines a wooded setting with access to restaurants, shops, nightlife, and year-round recreation along Killington Road. The property is also positioned near skiing, snowboarding, mountain biking, and other outdoor activities.
Key Highlights
- 2,392‑square‑foot side‑by‑side duplex with two residences
- Each unit has 2 bedrooms, a bonus room, and 2 full bathrooms
- Separate utilities serve each residence
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer flexible living arrangements with updated interiors and private outdoor spaces.
Where is this duplex located?
The property is located at 102 Spring Gln 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‑foot side‑by‑side duplex with two residences; Each unit has 2 bedrooms, a bonus room, and 2 full bathrooms; Separate utilities serve each residence
