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    11 Pleasant St Ludlow, VT 5149

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    For Sale
    $525,000

    Three-unit property near Okemo Mountain Resort with income potential.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 8:15 pm

    Property Features for 11 Pleasant St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Katherine K Burns

    Listing agent Katherine K Burns

    Listing office Vermont Properties and Development, INC.

    Listing date Apr 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 Vermont Properties and Development, INC.

    Overview

    Ludlow Village Multifamily Investment

    Located on Pleasant Street in the village of Ludlow, this three-unit multi-family property offers versatility, convenience, and strong income potential. The property has a total of five bedrooms across three separate units. The first unit on the main level features a full kitchen, comfortable living room, two bedrooms, and two bathrooms. The second unit, located upstairs, includes a full kitchen, living area, two bedrooms, and a full bathroom. The third unit, also on the upper level, offers a full kitchen, living area, one bedroom, and a bathroom. Positioned on the shuttle route to Okemo Mountain Resort, the property is attractive to winter enthusiasts and vacation renters. Okemo Mountain Resort transforms into a four-season destination offering hiking, mountain biking, scenic lift rides, and adventure activities. The property is in close proximity to Ludlow’s downtown shops and restaurants, as well as the local golf course. The lakes region nearby includes Lake Rescue and Echo Lake, adding appeal with boating, swimming, and summer recreation just minutes away. The bike score is 5, indicating it is somewhat bikeable, and the walk score is 0, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Windsor
    State
    Vermont
    Longitude
    -72.70175
    Latitude
    43.3948648

    Nearby Similar for Sale

    • $450,000

      Main Street Commercial Opportunity, Ludlow

      Blank canvas with Village/Residential zoning on Ludlow's Main Street.
      8 Main Street, Ludlow, VT 05149
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    • $1,350,000
      6,069 SF

      Turnkey Village Inn and Restaurant

      Fully furnished inn and restaurant near Okemo Mountain Ski Resort.
      86 Main Street, Ludlow, VT 05149
      View Details
    • $749,000
      6,000 SF

      Ludlow Village Multifamily Property

      Commercial property with apartments and garage in Ludlow Village.
      23-25 Depot Street, Ludlow, VT 05149
      View Details
    • $1,690,000
      11,409 SF

      Ludlow Mixed-Use Investment Opportunity

      Mixed-use property in Ludlow, Vermont with income potential.
      156 Main St, Ludlow, VT 05149
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-unit property near Okemo Mountain Resort with income potential.
    Where is this multifamily property located?
    The property is located at 11 Pleasant St Ludlow, VT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Strong income potential from three separate rental units.; Located on the shuttle route to Okemo Mountain Resort, ideal for skiers and snowboarders.; Versatile property suitable for investment, employee housing, or owner‑occupancy.
    (802) 228-8877
    We can help!
    Listing Contact
    Katherine K Burns
    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.

    More about this property
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