Mixed-Use Property with Rental
For Sale
$399,000
1330 & 1340 Grove Street, Brandon, VT 05733
Multi-Family, Brandon, VT
Property Size3,323 SF
Lot Size2.04 Acres
Price / SF$120.07
Days on Market225
Property Features for 1330 & 1340 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Rural
Bedrooms
3
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 3
Parking features
Driveway, Garage, Open, Paved or Surfaced
Patio and Porch features
Porch
Exterior features
Partial Fence, Garden Space, Porch, Covered Porch, Screened Porch, Shed
Fencing
Partial
Appliances
Owned Water Heater, Tank Water Heater, Water Heater
Lot features
Landscaped, Mountain View, Sloping, Near Golf Course, Near Shopping, Near Skiing, Near School(s)
Elementary school
Neshobe Elementary School
Middle school
Otter Valley UHSD 8 (Rut)
High school
Otter Valley UHSD #8
Elementary school district
Rutland Northeast
Middle school district
Rutland Northeast
High school district
Rutland Northeast
Directions
From the center of Brandon, go north on Rte 7; 1340 Grove St will be on the west side of the road. It is acrsoss from Pine Hill Cemetery (quiet neighbors) Plenty of parking. Also the home of the Brandon Yoga Center.
Standard status
Active
Size
3,323 SF
Lot size
2.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6230
Utilities
Heating system
Propane (Heating), Electric (Heating), Oil
Cooling system
Zoned, Ductless
Water source
Private, Well
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Wood, Carpet, Tile
Building materials
Clapboard Exterior, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
IPJ Real Estate
(802) 388-4242
Listed By:
Amey Ryan
(802) 989-8156
Added: Jan 22
Changed: Sep 2
Last Checked: Sep 4 at 12:06AM
MLS# 5074635
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.
This mixed-use property combines a street-level yoga and Pilates studio with two residential apartments across a main building and detached garage. The commercial space includes specialized heating for hot yoga, while the primary apartment offers two bedrooms, an office, kitchen, living, dining, family, and bathroom areas. A one-bedroom studio apartment sits above a detached, heated two-bay garage and includes a kitchen, living area, bedroom area, and three-quarter bath.
The property encompasses 2.04 acres and 3,323 square feet at 1330 & 1340 Grove Street in Brandon, along the Route 7 corridor. Downtown Brandon is nearby, with shops, dining, and community amenities in the surrounding area. Rural zoning, on-site parking, a covered porch, screened porch, garden space, shed, private well, and multiple heating systems add to the property's functional mix.
The property encompasses 2.04 acres and 3,323 square feet at 1330 & 1340 Grove Street in Brandon, along the Route 7 corridor. Downtown Brandon is nearby, with shops, dining, and community amenities in the surrounding area. Rural zoning, on-site parking, a covered porch, screened porch, garden space, shed, private well, and multiple heating systems add to the property's functional mix.
Key Highlights
- Mixed‑use property with commercial studio and 2 residential apartments
- 2.04‑acre property with 3,323 square feet of improvements
- Street‑level yoga and Pilates studio with specialized hot‑yoga heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,800
$629.8K
Cap Rate 7%
$449,857
$449.9K
Cap Rate 9%
$349,889
$349.9K
Market Conditions
NOI Build-Up for 3,323 SF
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.
Gross rent
$45.9K $13.80/SF
− Vacancy
−$871 −$0.26/SF
EGI
$45.0K $13.54/SF
− OpEx
−$13.5K −$4.06/SF
NOI
$31.5K $9.48/SF
Area
Rutland County, VT
Vacancy
1.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,800
Cap Rate 7%
$449,857
Cap Rate 9%
$349,889
Alternative Uses
Best Use
Multifamily LT 5
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K
NOI $29,016 @ 7.0% cap · market cap 7.27%
Theoretical Best
Healthcare Medical
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 05733, VT
5,935
Population
3,289
Households
1.8
Avg Household Size
48
Median Age
33%
College-Educated
95%
High-School Grad
108.1 sq mi
ZIP Area
55
Density / Sq Mi
$65,673
Median Household Income
$40,993
Median Earnings
$1,020
Median Rent
$240,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial studio space and two residential apartments create a flexible income-producing configuration.
Where is this mixed-use property located?
The property is located at 1330 & 1340 Grove Street Brandon, VT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Mixed‑use property with commercial studio and 2 residential apartments; 2.04‑acre property with 3,323 square feet of improvements; Street‑level yoga and Pilates studio with specialized hot‑yoga heating
