Building Details

Year Built 1850

Listing Agency: Westside Real Estate

Listed By: Melissa Loughan Show Phone

Source: Greenlight-realestate

Added: Oct 20 Changed: Oct 27 Last Checked: Oct 28 at 8:35AM

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Investment Insights

Based on property information with market context.

This two-unit duplex sits on a 0.69-acre lot and includes a storage shed. Both apartments have front porches, with laundry facilities and a circular paved driveway serving the property. The building dates to 1850, and some cosmetic work is needed. The upstairs tenant is moving, and that unit is expected to be vacant.

The property is on the outskirts of Fair Haven, near stores, a school, downtown, and a park. Lake Bomoseen, Rutland, and Route 4 are also nearby.

Key Highlights

• Two‑unit duplex on a 0.69‑acre lot
• Storage shed on site
• Front porches at both apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,878

Cap Rate

7.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$297,560 $297.6K

Cap Rate 7%

$212,543 $212.5K

Cap Rate 9%

$165,311 $165.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,570 SF

Gross rent

$21.7K $13.80/SF

− Vacancy

−$412 −$0.26/SF

EGI

$21.3K $13.54/SF

− OpEx

−$6.4K −$4.06/SF

NOI

$14.9K $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 Rate 5%

$297,560

Cap Rate 7%

$212,543

Cap Rate 9%

$165,311

Alternative Uses

Best Use

Multifamily LT 5

$212.5K

$186.0K – $248.0K (±1% cap)

NOI $14,878 @ 7.0% cap · market cap 7.44%

Second Best

Apartment 5plus

$195.8K

$171.4K – $228.5K (±1% cap)

NOI $13,709 @ 7.0% cap · market cap 6.86%

Theoretical Best

Healthcare Medical

$273.4K

$239.2K – $318.9K (±1% cap)

NOI $19,135 @ 7.0% cap · market cap 9.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

149

Businesses Nearby

Explore this area Business Placement

Demographics for 05743, VT

4,210

Population

2,107

Households

2

Avg Household Size

45

Median Age

25%

College-Educated

93%

High-School Grad

98.7 sq mi

ZIP Area

43

Density / Sq Mi

$67,763

Median Household Income

$36,366

Median Earnings

$968

Median Rent

$176,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has a front porch, and the property includes laundry facilities and a circular paved driveway.

Where is this duplex located?

The property is located at 18 Capitol Hill Fair Haven, VT.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two‑unit duplex on a 0.69‑acre lot; Storage shed on site; Front porches at both apartments