Renovated Duplex with Private
For Sale
$775,000
102 Spring Glen, Killington, VT 05751
Two units provide separate utilities, flexible room layouts, and updated kitchens.
Property Size2,392 SF
Price / SF$323
Days on Market29
Property Features for 102 Spring Glen
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR+bonus/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1973
Listing Agency:
Killington Pico Realty
(802) 422-3600
Listed By:
Kyle Kershner
Source:
603propertygroup
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 29 at 11:59AM
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, built in 1973, contains two side-by-side units. Each residence includes two bedrooms, a bonus room, two full bathrooms, separate utilities, a kitchen with white cabinetry and stainless steel appliances, a breakfast bar, and a sunken living room with 9-foot ceilings. Both units also have private patios, while a full-length covered front porch serves the building. Renovations included new wiring, insulation, egress windows, and a code-compliant fire alarm system.
The property is located at 102 Spring Glen in Killington, at the end of a dead-end road and within a wooded setting. Restaurants, shops, nightlife, skiing, snowboarding, mountain biking, and other outdoor recreation are located near Killington Road.
The property is located at 102 Spring Glen in Killington, at the end of a dead-end road and within a wooded setting. Restaurants, shops, nightlife, skiing, snowboarding, mountain biking, and other outdoor recreation are located near Killington Road.
Key Highlights
- 2,392‑square‑foot side‑by‑side duplex with two residential units
- Each unit includes 2 bedrooms, a bonus room, and 2 full bathrooms
- Separate utilities serve each unit
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 units provide separate utilities, flexible room layouts, and updated kitchens.
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‑foot side‑by‑side duplex with two residential units; Each unit includes 2 bedrooms, a bonus room, and 2 full bathrooms; Separate utilities serve each unit
