1295 & 1297 Route 149 Pawlet, VT 05761
MULTI_FAMILY - Other - Pawlet, VT
Property Features for 1295 & 1297 Route 149
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed Use
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bathroom 6, Basement, Bathroom 4, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 7, Bedroom 4, Bathroom 3, Bathroom 2
- Parking features
- Off Street
- Patio and Porch features
- Deck, Porch
- Exterior features
- Deck, Porch
- Appliances
- Domestic Water Heater, Electric Water Heater
- Standard status
- Active
- Size
- 4,231 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5600
Utilities
- Heating system
- Hot Water(Heating), Oil, Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Carpet, Laminate, Vinyl, Tile
- Building materials
- Wood Frame, Clapboard Exterior, Wood Exterior
- Roof type
- Slate, Shingle, Metal
- Architectural style
- Other
Listing agent Melissa Loughan (802) 438-5341
Listing office Westside Real Estate 98 Pine Hill Road, West Rutland, VT (802) 438-5341
Listing date Jan 19, 2026
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Both buildings use conventional septic systems, with the ability to hook up to public sewer in the future. The seller’s remarks also note these are the last two houses in Vermont on the left, with proximity to Granville, NY.
For tenants and operators, the configuration supports straightforward management across small, separately metered heating/hot water setups at 1295 and a renovated, program-in-place building at 1297. If you’re underwriting residency costs and utility responsibility, the stated “heat included” detail and the specific heating and hot-water arrangements at each property should help clarify budgeting and operations.
Key Highlights
- Annual net income reported as $66,200 with heat included in all apartments
- Includes two rental buildings on Route 149: a 3‑unit building (2x 1‑bedroom, 1x 2‑bedroom) and a 4‑1‑bedroom apartment building
- 1295 Route 149 units: each apartment has its own forced hot air furnace and electric hot water heaters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.5k | $16.20 |
| − Vacancy | −$1.4k | −$0.32 |
| EGI | $67.2k | $15.88 |
| − OpEx | −$30.2k | −$7.14 |
| NOI | $36.9k | $8.73 |
