Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Unit Residential Investment Property Title is generated by Realmo AI

    197 Western Avenue, Brattleboro, VT 05301

    View on Map
    Claim this Listing
    For Sale
    $399,000

    MULTI_FAMILY - Other - Brattleboro, VT

    Property size:
    3,700 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $107/SF
    Added:
    May 21, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 197 Western Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mixed Residential
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 4, Basement, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2
    Standard status
    Active
    Size
    3,700 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7812

    Utilities

    Heating system
    Steam
    Water source
    Public

    Building Details

    Year built
    1850
    Floors in Building
    3
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Hoppe

    Listing agent Karen Hoppe

    Listing office Berkley & Veller Greenwood Country 119 Western Avenue, Brattleboro, VT

    Listing date May 21, 2026

    MLS# 5090264 Listing URL

    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.

    HighLights

    • Fully occupied 3‑unit investment property in‑town Brattleboro
    • Unit mix includes two 2‑bedroom units and one spacious 3‑bedroom unit
    • Tenants pay their own heat and electric
    • Year built: 1850; construction materials include vinyl siding
    • Roof is slate; heating system is steam
    • Public water source

    Overview

    This well-maintained three-unit residential property at 197 Western Avenue is currently fully occupied. The building includes two 2-bedroom units and one 3-bedroom unit, providing a mix of floorplans within a single investment structure. According to the listing remarks, tenants pay their own heat and electric, which helps keep that operating expense responsibility with the occupants.

    The property is located in-town in Brattleboro, with convenient access to everyday amenities including shopping, restaurants, and entertainment. That walkable, service-oriented setting is often a practical fit for tenants who prefer having core conveniences nearby.

    For buyers or operators seeking an income-producing multifamily asset, the unit mix offers flexibility across household sizes, from the two-bedroom apartments to the larger three-bedroom unit. With the property described as consistently rented and fully occupied at the time of sale, it may also appeal to buyers looking for a straightforward residential investment configuration where utility costs are handled by tenants rather than the owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brattleboro
    County
    Windham
    State
    Vermont
    Longitude
    -72.5738275
    Latitude
    42.8517493

    Nearby Similar for Sale

    • $395,000

      Well-Maintained Commercial Property in Brattleboro

      Unique opportunity for professional, creative, or service-based uses.
      458 Williams Street, Brattleboro, VT 05301
      View Details
    • $349,900
      3,240 SF

      Office Building with Standby Generator

      Two-level office building with central A/C, existing kitchenette, and standby generator, set on acreage with on-site parking.
      458 Williams Street, Brattleboro, VT 05301
      View Details
    • $300,000

      Brattleboro Garage with High Ceilings

      5,000 SF commercial garage near downtown Brattleboro for sale.
      211 Vernon Street, Brattleboro, VT 05301
      View Details
    • $525,000
      1,600 SF

      Three-Unit Residential Income Property

      Two rental apartments sit above a two-car garage, with a 3-bedroom home that can be finished and rented.
      25-27 Gingko Lane, Brattleboro, VT 05301
      View Details
    • $695,000

      Mixed-Use Property in Brattleboro, VT

      Three businesses in one property: deli, storage, and residential.
      423 and 435 Marlboro Road, Brattleboro, VT 05301
      View Details
    • $540,000
      6,000 SF

      Six-Unit Multifamily Building

      Turn-key six-unit residential income property with off-street parking and secured entry to basement utility area.
      16 School Street, Brattleboro, VT 05301
      View Details
    • $495,000
      4,116 SF

      Remediated Three-Story Multifamily Redevelopment

      Vacant, three-story multifamily building gutted and lead paint remediated, with zoning approval to expand to 13 units.
      33 Oak Street, Brattleboro, VT 05301
      View Details
    • $5,500,000

      Waterfront Commercial Property with Marina

      Unique waterfront property with restaurant, marina, offices, and apartments.
      464 Putney Road, Brattleboro, VT 05301
      View Details
    • $299,000
      3,660 SF

      Victorian Triplex with Separate Utilities

      Well-maintained Victorian triplex with separate systems and off-street parking, suited for owner-occupant or investors.
      110 Washington Street, Brattleboro, VT 05301
      View Details
    • $295,000
      1,744 SF

      Two-Unit Residential Income Duplex

      Two separate 2-bedroom units with updated windows, decking, and in-unit amenities, plus a large yard and parking.
      48 Pleasant Street, Brattleboro, VT 05301
      View Details
    • $399,000
      3,286 SF

      Multifamily Building with 9 Rooms

      Well-maintained multifamily with 9 rentable rooms and owner-paid utilities, currently fully occupied.
      19 Canal Street, Brattleboro, VT 05301
      View Details
    • $395,000
      3,240 SF

      Brattleboro Commercial Property For Sale

      Well-maintained 3,240 SF commercial building near downtown Brattleboro.
      458 Williams St, Brattleboro, VT 05301
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained, fully occupied 3-unit building with two 2-bedroom units and one 3-bedroom unit.
    Where is this triplex located?
    The property is located at 197 Western Avenue Brattleboro, VT.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Fully occupied 3‑unit investment property in‑town Brattleboro; Unit mix includes two 2‑bedroom units and one spacious 3‑bedroom unit; Tenants pay their own heat and electric
    (802) 254-6400
    We can help!
    Listing Contact
    Karen Hoppe
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    197 Western Avenue, Brattleboro, VT 05301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!