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    Victorian Home with Income Potential Title is generated by Realmo AI

    66 Bank St, St Albans, VT 05478

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    For Sale
    $488,000

    Charming Victorian duplex or spacious single-family home for sale.

    Type:Investment
    Lot size:
    0.34 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    48
    Last Refresh:
    Mar 20 at 1:05 pm

    Property Features for 66 Bank St

    General Information

    Standard status
    Active
    Lot size
    0.34 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    Adam Cross

    Listing agent Adam Cross

    Listing office Flex Realty

    Listing date Mar 24, 2026

    Source Elliman

    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 Flex Realty

    HighLights

    • Versatile property: Approved as a duplex, easily converted to a spacious single‑family home.
    • Historic Victorian charm: Built in 1850, featuring classic architectural details like double pocket doors.
    • Income potential: Duplex configuration offers rental income opportunities.
    • Updated features: Newer windows and refreshed wood flooring.
    • Ample storage: Includes two sheds and unfinished attic space for potential expansion.
    • Large corner lot: Oversized city parcel with yard space, berry bushes, and grapevines.

    Overview

    This Victorian home, originally built in 1850, offers both character and functionality. Approved as a duplex, the property can also serve as a spacious single-family residence with interior access from the main house. The secondary unit features 1 bedroom, 1 bathroom, a comfortable living room, and a large eat-in kitchen complete with its own laundry. The primary unit includes 3 bedrooms, 1 full bathroom, a kitchen, laundry area, and elegant entertaining spaces. The parlor and dining room are divided by double pocket doors, a hallmark of Victorian design. Abundant storage options are available, including two shed spaces and some unfinished space above that could be completed for additional finished space with more income potential. Situated on a corner lot, the oversized city parcel provides yard space, with berry bushes and young grapevines. Updates include newer windows throughout much of the property, refreshed wood flooring, and upgrades to the decking with pressure-treated lumber. A privacy screen of lilacs is present along High Street. The property is to be conveyed as is. This property is suitable for an investment opportunity, an owner-occupied duplex, or a unique single-family home.
    Property Profile Insight Report 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
    St Albans
    County
    Franklin
    State
    Vermont
    Longitude
    -73.0784395
    Latitude
    44.8117253

    Nearby Similar for Sale

    • $349,900

      Renovated Duplex Near Downtown St. Albans

      Well-maintained duplex with long-term tenants, near downtown amenities.
      8 South Elm St, St. Albans, VT 05478
      View Details
    • $615,000
      2,796 SF

      St. Albans Four-Unit Property

      Well-maintained four-unit property in St. Albans City.
      9 High Street, St. Albans, VT 05478
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming Victorian duplex or spacious single-family home for sale.
    Where is this duplex located?
    The property is located at 66 Bank St St Albans, VT.
    What is the asking price?
    The asking price for this property is $488,000.
    What are key features of this property?
    This property features: Versatile property: Approved as a duplex, easily converted to a spacious single‑family home.; **Historic Victorian charm: Built in 1850, featuring classic architectural details like double pocket doors.**; Income potential: Duplex configuration offers rental income opportunities.
    (802) 598-7738
    We can help!
    Listing Contact
    Adam Cross
    Learn More
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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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