Side-by-Side Duplex With Original
For Sale
$675,000
2-59-61 Church St, Richmond, VT 05477
Two townhouse-style residences offer flexible layouts, private outdoor space, and access to Richmond Village conveniences.
Property Size2,560 SF
Price / SF$263.67
Days on Market60
Property Features for 2-59-61 Church St
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,096
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
RE/MAX North Professionals
(802) 655-3333
Listed By:
Linda W St. Amour · License #810003002
(802) 777-6244
Source:
Exprealty
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 19 at 11:10AM
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 RE/MAX North Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this two-story duplex retains period details including high ceilings, original trim, and much of its original hardwood and softwood flooring. The townhouse-style side-by-side arrangement places one residence beside the other, with each unit offering nearly 1,300 sq. ft., three bedrooms, a 3/4 bath on each floor, separate living and dining rooms, a private deck, and a backyard.
The property is located on a dead-end street in Richmond Village, within walking distance of the library, post office, Village Green, Richmond Market, restaurants, and bakery. Sidewalk access connects the duplex with nearby village services, while one side includes use of a 2-car garage.
The property is located on a dead-end street in Richmond Village, within walking distance of the library, post office, Village Green, Richmond Market, restaurants, and bakery. Sidewalk access connects the duplex with nearby village services, while one side includes use of a 2-car garage.
Key Highlights
- Two‑story duplex originally built in 1900
- Side‑by‑side townhouse layout with nearly 1,300 sq. ft. per unit
- Each unit includes 3 bedrooms and a 3/4 bath on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,274
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,480
$565.5K
Cap Rate 7%
$403,914
$403.9K
Cap Rate 9%
$314,156
$314.2K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$40.9K $15.96/SF
− Vacancy
−$466 −$0.18/SF
EGI
$40.4K $15.78/SF
− OpEx
−$12.1K −$4.73/SF
NOI
$28.3K $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%
$565,480
Cap Rate 7%
$403,914
Cap Rate 9%
$314,156
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$357.7K
$313.0K – $417.3K
NOI $25,040 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
204
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style residences offer flexible layouts, private outdoor space, and access to Richmond Village conveniences.
Where is this duplex located?
The property is located at 2-59-61 Church St Richmond, VT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑story duplex originally built in 1900; Side‑by‑side townhouse layout with nearly 1,300 sq. ft. per unit; Each unit includes 3 bedrooms and a 3/4 bath on each floor
