Killington Mountain Green Renovated
For Sale
$119,900
135 E Mountain Road 1F9, Killington, VT 05751
Updated, rental-ready condo near Killington Resort with mountain views.
Property Size646 SF
Price / SF$185.60
Days on Market592
Property Features for 135 E Mountain Road 1F9
General Information
Standard status
Active
Size
646 SF
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$3,600
Building Details
Year Built
1982
Listing Agency:
CONTINENTAL REAL ESTATE GROUP
(877) 996-5728
Listed By:
Derek Eisenberg · License #3201465
Source:
Exitrealty
Added: Dec 27, 2024
Changed: Aug 8
Last Checked: Aug 11 at 6:54AM
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 CONTINENTAL REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
Located in the heart of Killington's Mountain Green Resort, Unit 1F9 is a well-maintained and updated unit. The property offers a smart layout and strong rental appeal, with easy access to year-round activities. The unit is consistently in demand for ski season and weekend stays, and is fully functional and ready for immediate use or short-term rental. Features include an updated kitchen and living area, a comfortable sleeping layout, a fireplace, and a balcony with mountain views. The property is turnkey and rental-ready. Resort highlights include indoor and outdoor pools, hot tubs, a fitness center, and shuttle access. The property is close to Killington Resort, dining, and nightlife. This 646 square foot unit presents an excellent opportunity for personal enjoyment and income potential in one of Killington's most established short-term rental complexes.
Key Highlights
- Renovated and turnkey, ready for immediate use or short‑term rental income.
- Prime location in Killington's Mountain Green Resort with easy access to Killington Resort, dining, and nightlife.
- Strong rental appeal and consistently in demand for ski season and weekend stays.
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
$5,641
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
4.70%
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%
$112,820
$112.8K
Cap Rate 7%
$80,586
$80.6K
Cap Rate 9%
$62,678
$62.7K
Market Conditions
NOI Build-Up for 646 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
$10.5K $16.20/SF
− Vacancy
−$209 −$0.32/SF
EGI
$10.3K $15.88/SF
− OpEx
−$4.6K −$7.14/SF
NOI
$5.6K $8.73/SF
Area
Rutland County, VT
Vacancy
2.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$112,820
Cap Rate 7%
$80,586
Cap Rate 9%
$62,678
Alternative Uses
Best Use
Apartment 5plus
$80.6K
$70.5K – $94.0K
NOI $5,641 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$112.5K
$98.4K – $131.2K
NOI $7,873 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 05751, VT
1,415
Population
2,759
Households
0.5
Avg Household Size
46
Median Age
48%
College-Educated
100%
High-School Grad
46.7 sq mi
ZIP Area
30
Density / Sq Mi
$71,538
Median Household Income
$45,781
Median Earnings
$1,125
Median Rent
$477,500
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?
Short term rental property - Updated, rental-ready condo near Killington Resort with mountain views.
Where is this short term rental property located?
The property is located at 135 E Mountain Road 1F9 Killington, VT.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Renovated and turnkey, ready for immediate use or short‑term rental income.; Prime location in Killington's Mountain Green Resort with easy access to Killington Resort, dining, and nightlife.; Strong rental appeal and consistently in demand for ski season and weekend stays.
