Two-Unit Duplex with Tenant
For Sale
$165,000
137 Maple Street, Rutland, VT 05701
Occupied residential income property with two matching apartments and established tenancy.
Property Size1,704 SF
Price / SF$96.83
Days on Market108
Property Features for 137 Maple Street
General Information
Standard status
Active
Size
1,704 SF
Elevators
No
Property subtype
Multi-family
Site & Location
Highway Access
No
Road Access
No
Public Transit
No
Utilities to Site
No
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Building Details
Year Built
1910
Tenancy
Multi
Abandoned
No
Listing Agency:
Real Broker LLC
Listed By:
Betsy Adamovich
(802) 384-0155
Source:
Killingtonpicorealty
Added: Jun 12
Changed: Sep 26
Last Checked: Sep 26 at 9:17AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 1910 duplex contains two residential units, each configured with 2 bedrooms and 1 full bathroom. Both apartments are occupied by long-standing tenants, and current rents are below market, providing an established operating profile with room for future income growth.
The property is located near downtown Rutland, with shopping, restaurants, schools, and everyday amenities nearby. Walk Score is 73 and Bike Score is 51, supporting convenient access to surrounding services and destinations without relying solely on a vehicle.
The property is located near downtown Rutland, with shopping, restaurants, schools, and everyday amenities nearby. Walk Score is 73 and Bike Score is 51, supporting convenient access to surrounding services and destinations without relying solely on a vehicle.
Key Highlights
- Two‑unit duplex built in 1910
- Each unit offers 2 bedrooms and 1 full bathroom
- Both apartments are occupied by long‑standing tenants
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
$14,879
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
9.02%
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%
$297,580
$297.6K
Cap Rate 7%
$212,557
$212.6K
Cap Rate 9%
$165,322
$165.3K
Market Conditions
NOI Build-Up for 1,704 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
$27.6K $16.20/SF
− Vacancy
−$552 −$0.32/SF
EGI
$27.1K $15.88/SF
− OpEx
−$12.2K −$7.14/SF
NOI
$14.9K $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%
$297,580
Cap Rate 7%
$212,557
Cap Rate 9%
$165,322
Alternative Uses
Best Use
Multifamily LT 5
$230.7K
$201.9K – $269.1K
NOI $16,148 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$212.6K
$186.0K – $248.0K
NOI $14,879 @ 7.0% cap · market cap 9.02%
Theoretical Best
Healthcare Medical
$296.7K
$259.6K – $346.1K
NOI $20,768 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied residential income property with two matching apartments and established tenancy.
Where is this duplex located?
The property is located at 137 Maple Street Rutland, VT.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1910; Each unit offers 2 bedrooms and 1 full bathroom; Both apartments are occupied by long‑standing tenants
