Duplex With Covered
For Sale
$419,900
137 Jericho Road, Richmond, VT 05477
Multi-Family, Richmond, VT
Property Size2,150 SF
Lot Size0.23 Acres
Price / SF$195.30
Days on Market128
Property Features for 137 Jericho Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
VRNN
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Patio and Porch features
Porch
Exterior features
Covered Porch
Appliances
Domestic Water Heater, Owned Water Heater, Water Heater off Boiler
Lot features
Curbing, Sidewalks, In Town, Near Shopping, Near School(s)
Elementary school
Richmond Elementary School
Middle school
Camels Hump Middle USD 17
High school
Mt. Mansfield USD #17
Elementary school district
Richmond School District
Middle school district
Richmond School District
High school district
Richmond School District
Standard status
Active
Size
2,150 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6798
Utilities
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Champagne Real Estate
Listed By:
Andrea Champagne
(802) 372-4500
Added: Jun 21
Changed: Oct 25
Last Checked: Oct 26 at 6:06AM
MLS# 5095926
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,150-square-foot duplex sits on a 0.23-acre parcel in Richmond. Built in 1900, the wood-frame building has vinyl siding, a covered porch, and a mix of hardwood, vinyl, and carpet flooring. The property is zoned VRNN. Improvements include a roof replacement and new furnace and water heater in 2023, hardwood flooring installed in 2018, and renovations completed in 2016 to meet FHA standards. Public water serves the property.
Restaurants, a bakery, and Richmond Market are within walking distance. Schools and stores are also nearby, and I-89 is 1.5 miles away. The two units may be used for owner occupancy or rented; one unit was most recently rented while the other was owner occupied.
Restaurants, a bakery, and Richmond Market are within walking distance. Schools and stores are also nearby, and I-89 is 1.5 miles away. The two units may be used for owner occupancy or rented; one unit was most recently rented while the other was owner occupied.
Key Highlights
- Two‑unit duplex with 2,150 square feet on 0.23 acres
- Zoned VRNN
- Roof, furnace, and water heater updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,746
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,920
$474.9K
Cap Rate 7%
$339,229
$339.2K
Cap Rate 9%
$263,844
$263.8K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$34.3K $15.96/SF
− Vacancy
−$391 −$0.18/SF
EGI
$33.9K $15.78/SF
− OpEx
−$10.2K −$4.73/SF
NOI
$23.7K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,920
Cap Rate 7%
$339,229
Cap Rate 9%
$263,844
Alternative Uses
Best Use
Multifamily LT 5
$339.2K
$296.8K – $395.8K
NOI $23,746 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$300.4K
$262.9K – $350.5K
NOI $21,030 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 05477, VT
4,551
Population
2,111
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
136
Density / Sq Mi
$118,214
Median Household Income
$58,329
Median Earnings
$1,188
Median Rent
$403,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two units offer flexibility for owner occupancy or rental use, with local shops and dining within walking distance.
Where is this duplex located?
The property is located at 137 Jericho Road Richmond, VT.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,150 square feet on 0.23 acres; Zoned VRNN; Roof, furnace, and water heater updated in 2023
