Turn-Key Duplex with Rental
137 Jericho Road Richmond, VT 05477
New
137 Jericho Road, Richmond, VT, 05477
$555,000
For Sale
$555,000
Turn-key duplex featuring a 2023 roof, updated HVAC and hot water, and hardwood floors.
Property Size3,378 SF
Price / SF$164.30
Days on Market2
Property Features for 137 Jericho Road
General Information
- Standard status
- Active
- Size
- 3,378 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing agency
Champagne Real Estate
(802) 372-4500
Listed by
Andrea Champagne
(802) 372-4500
Source
Threehillsres
Added: Jul 21 Updated: Jul 22 at 7:54AM Checked: Jul 22 at 7:54AM
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 Champagne Real Estate
Investment Insights
Based on property information with market context.
This turn-key duplex is set up for straightforward ownership, with the option for the owner to occupy one unit while renting the other. Recent updates include a new roof in 2023, hardwood floors installed in 2018, and a new furnace and hot water heater in 2023. Major renovations were completed in 2016 to meet FHA standards, and the home is described as move-in condition with major items addressed.
The property is located in Richmond and is noted as being within walkable proximity to multiple dining and retail options, with convenient access to I-89 about 1.5 miles away.
Currently, the owner occupies one unit and rents the other, and both units could be rented based on the property’s current configuration.
The property is located in Richmond and is noted as being within walkable proximity to multiple dining and retail options, with convenient access to I-89 about 1.5 miles away.
Currently, the owner occupies one unit and rents the other, and both units could be rented based on the property’s current configuration.
Key Highlights
- Duplex built in 1900 with one unit owner‑occupied and the other currently rented
- New roof installed in 2023
- Furnace and hot water heater replaced in 2023
Local Financial Insights For Multifamily LT 5
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 | $53.9k | $15.96 |
| − Vacancy | −$615 | −$0.18 |
| EGI | $53.3k | $15.78 |
| − OpEx | −$16.0k | −$4.73 |
| NOI | $37.3k | $11.04 |
3,378 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$533.0K
$466.4K – $621.8K
NOI $37,309 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$472.0K
$413.0K – $550.7K
NOI $33,041 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$926.5K
$810.7K – $1.08M
NOI $64,858 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turn-key duplex featuring a 2023 roof, updated HVAC and hot water, and hardwood floors.
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 $555,000.
What are key features of this property?
This property features: Duplex built in 1900 with one unit owner‑occupied and the other currently rented; New roof installed in 2023; Furnace and hot water heater replaced in 2023
