Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    162 Highland Ave Manchester, VT 05255

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $599,000

    Three-unit multifamily property in Manchester, VT, with income potential.

    Lot size:
    0.76 Acres

    Property Features for 162 Highland Ave

    General Information

    Property type
    Investment
    Standard status
    Contract
    Lot size
    0.76 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Margretta Fischer
    Source: Elliman

    Listing Agent: Margretta Fischer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Three-Unit Multifamily Investment Opportunity

    This three-unit multifamily property presents an investment opportunity. The property features a spacious layout designed to provide privacy for each unit. The main level unit includes an open living and dining area, three bedrooms, one bathroom, and a spacious deck with mountain views. The second floor contains two separate one-bedroom, one-bathroom units, each with its own entrance. The lower level provides storage for each unit, utilities, and a coin-operated laundry. There is an option to construct a second five-unit building, and the current owner possesses additional information regarding this possibility. The property was previously configured as a four-unit building and could potentially be converted back. Ample parking is available. The property is located in close proximity to restaurants, a deli, a gym, and shopping options in Manchester. It also offers school choice for grades 9-12 and is located 10 minutes from Bromley.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Bennington
    State
    Vermont
    Longitude
    -73.0460142
    Latitude
    43.1749508

    Nearby Similar for Sale

    • $989,000

      Commercial Retail Space, Manchester, VT

      Retail space for sale in high-traffic Manchester location.
      4574-1 Main St, Manchester, VT 05255
      View Details
    • $995,000
      5,400 SF

      Manchester Retreat: Income-Producing Potential

      Furnished 6-bedroom retreat near Bromley and Stratton with rental history.
      2001 Depot St, Manchester, VT 05255
      View Details
    • $675,000

      Restaurant & Creamery Business Opportunity

      Fully renovated restaurant and creamery in Manchester, Vermont for sale.
      4697 Main St, Manchester, VT 05255
      View Details
    • $1,500,000

      Iconic Commercial Property in Manchester

      Four-story mixed-use property in the heart of Manchester Village.
      3568 Main St, Manchester, VT 05254
      View Details
    • $2,495,000

      Iconic Restaurant in Historic Manchester

      Established restaurant with high visibility and outdoor dining.
      3912 Main St, Manchester, VT 05254
      View Details
    • $589,000

      Retail Unit in High Traffic

      Commercial retail unit for sale in Manchester, Vermont.
      4574-2 Main St, Manchester, VT 05255
      View Details
    • $449,000

      Retail Unit in High Traffic Area

      Commercial retail unit for sale in Manchester, Vermont.
      4574-1 Main St, Manchester, VT 05255
      View Details
    • $1,500,000

      Iconic Manchester Village Commercial Property

      Four-story commercial property in the heart of Manchester Village.
      3568 Main St, Manchester, VT 05254
      View Details
    • $499,000
      2,738 SF

      Manchester Center Retail Gem

      Historic building, prime location, flexible space.
      4919 Main St, Manchester, VT 05255
      View Details
    • $665,000
      3,665 SF

      Manchester Commercial Gem

      Mixed-use property, high-traffic location.
      4479 Main St, Manchester, VT 05255
      View Details
    • $1,249,000
      15,000 SF

      Manchester VT Storefront - $1.25M

      Iconic Retail Building, High Traffic Area
      58 Depot St, Manchester, VT 05255
      View Details
    • $989,000

      Manchester Commercial Condo Opportunity

      High-traffic retail space, two units combined.
      4574-1 Main St, Manchester, VT 05255
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property in Manchester, VT, with income potential.
    Where is this triplex located?
    The property is located at 162 Highland Ave Manchester, VT.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Three-unit multi-family property offering immediate passive income.; - Option to build a second 5-unit building.; - Potential to convert back to a four-unit configuration.
    (802) 379-4055
    Request Owner's contact information
    162 Highland Ave Manchester, VT 05255
    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.
    162 Highland Ave
    Manchester, VT 05255
    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
    162 Highland Ave Manchester, VT 05255
    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

    We can help!
    Listing Contact
    Margretta Fischer
    (802) 379-4055 (802) 297-3333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!