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    Renovated 2-Unit Residential Property Title is generated by Realmo AI

    117 Putnam Street, Bennington, VT 05202-1

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    For Sale
    $237,700

    MULTI_FAMILY - Other - Bennington, VT

    Property size:
    1,222 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $194/SF
    Added:
    Apr 30, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 8 at 1:06 am

    Property Features for 117 Putnam Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Village Residential
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2
    Patio and Porch features
    Porch
    Exterior features
    Partial Fence, Natural Shade, Covered Porch
    Fencing
    Partial
    Appliances
    Domestic Water Heater
    Standard status
    Active
    Size
    1,222 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3898

    Utilities

    Utilities
    Cable Available
    Heating system
    Oil, Hot Water(Heating), Baseboard
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Dan Mason

    Listing agent Dan Mason

    Listing office Perrott Realty 120 Elm St, Bennington, VT

    Listing date Apr 30, 2026

    MLS# 5086250 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

    • Renovated 2‑unit home (built 1910) with fresh paint and new flooring throughout
    • Independent utilities for each unit for added privacy and convenience
    • Brand‑new kitchen cabinets and appliances in both kitchens
    • Both furnaces updated with new hot water mixing valves; professionally inspected and serviced
    • Two off‑street parking spaces in front, with additional street parking available
    • Walkable area: about two blocks to Southwestern Vermont Medical Center and within walking distance of downtown Bennington

    Overview

    This renovated two-unit home provides flexible ownership options with independent Utilities for each unit. The layout can be used as a spacious two-story single-family-style residence with an upstairs primary suite and kitchenette, or configured as separate rentals, including a 1-bedroom and a 2-bedroom arrangement. Updates include fresh paint and new flooring throughout, with kitchen cabinets and appliances reported as brand new. The downstairs living room includes a passthrough countertop to the eat-in kitchen for an open feel. Upstairs features an open kitchen with island storage, plus a picture window overlooking a deep backyard and a scenic brook that serves as a tributary of the Walloomsac River. Both furnaces have new hot water mixing valves and have been professionally inspected and serviced.

    The property is situated in a tranquil village neighborhood and is within walking distance of downtown Bennington’s shops and restaurants. Southwestern Vermont Medical Center is approximately two blocks away, and Elm Street Market is nearby. Bennington College is about four miles away by drive.

    The combination of independent utilities, updated finishes, and versatile unit configuration makes this property practical for owner-occupants who want rental help, as well as buyers seeking a straightforward two-unit setup. Two off-street parking spaces are available in front, with additional street parking for guests.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bennington
    County
    Bennington
    State
    Vermont
    Longitude
    -73.202589
    Latitude
    42.87609

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    FAQs

    What type of property is this?
    Duplex - Renovated two-unit home with independent utilities and updated interiors, offering flexible living or rental configurations.
    Where is this duplex located?
    The property is located at 117 Putnam Street Bennington, VT.
    What is the asking price?
    The asking price for this property is $237,700.
    What are key features of this property?
    This property features: Renovated 2‑unit home (built 1910) with fresh paint and new flooring throughout; Independent utilities for each unit for added privacy and convenience; Brand‑new kitchen cabinets and appliances in both kitchens
    (802) 442-8366
    We can help!
    Listing Contact
    Dan Mason
    Request Owner's contact information
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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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