Building Details

Year Built 1988

Units 3

Listing Agency: KW Vermont d***@kw.com Show Phone

Listed By: Dianna Benoit-Kittell Show Phone

Source: Elliman

Added: Jul 4 Changed: Aug 8 Last Checked: Jul 23 at 7:02AM

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Investment Insights

Based on property information with market context.

This property is designed as a triplex apartment building with identical unit layouts. Each unit includes finished above-grade living space and private basement storage, with laundry hook-ups available in the basement area. Tenants also own their own washer and dryer, and each unit benefits from access to its own storage and laundry setup.

The building is operated as a low-maintenance rental for the current owner, and the units have had very low vacancy for this ownership period. Utilities are separated so each tenant pays their own utilities. All units share the same floor plan, which can simplify leasing and ongoing unit management.

For buyers seeking a small residential income asset, the consistent unit design and dedicated basement storage can make operations straightforward. Separately metered utilities and tenant-provided laundry equipment further define the day-to-day utility and laundry responsibilities within the leases. Please inquire for additional financial information to review income and expense details further.

Key Highlights

• Year built 1988 triplex apartment building with uniform unit layouts
• Each unit offers 960 SF finished above grade plus 480 SF private basement storage
• Private basement storage includes laundry hook‑ups for each unit

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Home Appliance Store Butcher Plumbing Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

629

Businesses Nearby

Explore this area Business Placement

Demographics for 05478, VT

15,704

Population

7,205

Households

2.2

Avg Household Size

41

Median Age

30%

College-Educated

93%

High-School Grad

59.3 sq mi

ZIP Area

265

Density / Sq Mi

$70,752

Median Household Income

$49,758

Median Earnings

$1,255

Median Rent

$297,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Triplex configuration with uniform unit layouts, private basement storage, and separately metered utilities for tenant-paid convenience.

Where is this triplex located?

The property is located at 12 Oak St St Albans, VT.

What is the asking price?

The asking price for this property is $419,000.

What are key features of this property?

This property features: Year built 1988 triplex apartment building with uniform unit layouts; Each unit offers 960 SF finished above grade plus 480 SF private basement storage; Private basement storage includes laundry hook‑ups for each unit