Renovated Two-Unit
12 Chaplin Avenue, Rutland, VT 05701
For Sale
$230,000
Pending
Separate laundry appliances and tenant-paid heat and electricity serve both apartments.
Property Size1,676 SF
Days on Market70
Property Features for 12 Chaplin Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Amenities
in-unit washer/dryer
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Real Broker LLC
(802) 613-0729
Listed By:
Hayley Santopolo
(802) 282-6688
Source:
Longviewcre
Added: Sep 5
Changed: Nov 13
Last Checked: Nov 12 at 8:38PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 1,676-square-foot duplex at 12 Chaplin Avenue in Rutland City contains a studio and a three-bedroom apartment. Both units have their own washer and dryer. Renovation work completed between 2019 and 2020 included new electrical and plumbing systems, exterior wall insulation, drywall, flooring, cabinets, appliances and fixtures. Repairs were also made to the asphalt-shingle and slate roofs. The building dates to 1930.
Both apartments are occupied. One resident has lived in the property for approximately five years, while the other has been there for more than two years. Tenants pay for their own heat and electricity. The property has an approximate 10% cap rate at the asking price.
Both apartments are occupied. One resident has lived in the property for approximately five years, while the other has been there for more than two years. Tenants pay for their own heat and electricity. The property has an approximate 10% cap rate at the asking price.
Key Highlights
- 1,676 square feet with a studio and a three‑bedroom unit
- Renovation work completed between 2019 and 2020
- Each apartment has its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,883
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,660
$317.7K
Cap Rate 7%
$226,900
$226.9K
Cap Rate 9%
$176,478
$176.5K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$23.1K $13.80/SF
− Vacancy
−$439 −$0.26/SF
EGI
$22.7K $13.54/SF
− OpEx
−$6.8K −$4.06/SF
NOI
$15.9K $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 Rate 5%
$317,660
Cap Rate 7%
$226,900
Cap Rate 9%
$176,478
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.5K – $264.7K
NOI $15,883 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$209.1K
$182.9K – $243.9K
NOI $14,634 @ 7.0% cap · market cap 6.36%
Theoretical Best
Healthcare Medical
$291.8K
$255.3K – $340.5K
NOI $20,427 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Rutland County, VT
Properties on Market for Duplexes in Rutland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry appliances and tenant-paid heat and electricity serve both apartments.
Where is this duplex located?
The property is located at 12 Chaplin Avenue Rutland, VT.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,676 square feet with a studio and a three‑bedroom unit; Renovation work completed between 2019 and 2020; Each apartment has its own washer and dryer
