Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Colonial Residential Income Property Title is generated by Realmo AI

    1186 Route 133, Ira, VT 05777

    View on Map
    Claim this Listing
    For Sale
    $499,900

    MULTI_FAMILY - Colonial - Ira, VT

    Property size:
    3,808 SF
    Lot size:
    7.10 Acres
    Price / SF:
    $131/SF
    Added:
    Aug 12, 2025
    Days on Market:
    300
    Last Refresh:
    Jun 7 at 4:06 pm

    Property Features for 1186 Route 133

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3
    Parking features
    Driveway, Garage
    Patio and Porch features
    Deck, Patio
    Exterior features
    Barn, Deck, Outbuilding, Patio, Greenhouse
    Appliances
    Gas Water Heater
    Standard status
    Active
    Size
    3,808 SF
    Lot size
    7.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5297

    Utilities

    Utilities
    Propane
    Heating system
    Baseboard, Propane (Heating), Oil, Forced Air, Pellet Stove
    Water source
    Well, Spring

    Building Details

    Year built
    1807
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood, Softwood, Carpet, Vinyl
    Building materials
    Wood Frame
    Roof type
    Slate
    Architectural style
    Colonial
    Additional Structures
    Outbuilding, Greenhouse

    We can help!

    Listing Contact
    Melissa Loughan
    Melissa Loughan

    Listing agent Melissa Loughan

    Listing office Westside Real Estate 98 Pine Hill Road, West Rutland, VT

    Listing date Aug 12, 2025

    MLS# 5056159 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

    • Colonial home built in 1807 with 5 bedrooms and 3 bathrooms, including an attached 1‑bedroom in‑law suite/apartment
    • Attached heated 3‑car garage with 11' ceilings and 10' doors, plus a mudroom and utility room
    • On‑site water includes a drilled well and shallow spring well (both connected), plus a 12' x 25' greenhouse
    • Heating systems include propane, oil, forced air, baseboard, pellet stove, and a gas water heater
    • Roof is slate; exterior includes vinyl siding and standing seam sections; barn includes 4 stalls and storage room
    • 7.1‑acre property with deck, patio, outbuilding, and additional storage shed

    Overview

    This stately colonial offers 5 bedrooms and flexible living arrangements, including a 1-bedroom in-law suite/apartment with its own propane furnace. While the suite isn’t being rented currently, the home is being used as a single-family residence, with the suite and the remainder of the house configured for independent use if desired. Interior highlights include an eat-in kitchen with upgraded tile counters, a large dining room and living room, a first-floor laundry, a mudroom, and a utility room. The property features two upgraded bathrooms, a gas insert in the fireplace, and additional storage space including attic rooms and walk-in stairs. For vehicles and storage, there is an attached heated 3-car garage with an 11' ceiling and 10' doors, plus an additional shed. Outdoor amenities include a barn with 4 stalls and a storage room, along with a 12' x 25' greenhouse.

    Set on 7.1 acres in Ira, VT, the home is described as having a private country setting. Water is provided by a drilled well and a shallow spring well that are connected, with usage noted for outside faucets, along with an old well in the basement not currently being used. The listing notes proximity to West Rutland, Rutland, skiing, shopping, and the lakes region.

    From an owner-operator or investor perspective, the standout feature is the dedicated in-law suite with its own heating system, creating a practical pathway to multi-generational use or future rental flexibility. The combination of a heated multi-car garage, equestrian barn, and greenhouse supports tenants or buyers looking for both residential space and functional onsite utility for storage and everyday needs.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $61.7k $16.20
    − Vacancy −$1.2k −$0.32
    EGI $60.5k $15.88
    − OpEx −$27.2k −$7.14
    NOI $33.3k $8.73
    3,808 SF · lease $16.20/SF/yr · vacancy 2.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $475.0K
    $415.6K – $554.2K (±1% cap)
    NOI $33,251 @ 7.0% cap · market cap 6.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $663.0K
    $580.1K – $773.5K (±1% cap)
    NOI $46,411 @ 7.0% cap · market cap 9.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Hotel & Motel Accounting Firm Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Ira
    County
    Rutland
    State
    Vermont
    Longitude
    -73.05605799
    Latitude
    43.54213845

    FAQs

    What type of property is this?
    Single family property - Colonial with a separate in-law suite, heated 3-car garage, and additional outbuildings on a private country setting.
    Where is this single family property located?
    The property is located at 1186 Route 133 Ira, VT.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Colonial home built in 1807 with 5 bedrooms and 3 bathrooms, including an attached 1‑bedroom in‑law suite/apartment; Attached heated 3‑car garage with 11' ceilings and 10' doors, plus a mudroom and utility room; On‑site water includes a drilled well and shallow spring well (both connected), plus a 12' x 25' greenhouse
    (802) 438-5341
    We can help!
    Listing Contact
    Melissa Loughan
    Melissa Loughan
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1186 Route 133, Ira, VT 05777
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!