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Spacious Colchester Quadplex Near Recreation

205 Blakely Road Colchester, VT 05446

205 Blakely Road, Colchester, VT, 05446

$900,000

For Sale

$900,000

Four units, seven bedrooms, desirable location near amenities.

Property Size3,520 SF

Lot Size0.70 Acres

Price / SF$255.68

AddedMar 12

Days on Market126

Last RefreshJul 15 at 2:29 pm

Property Features for 205 Blakely Road

General Information

Standard status: Active
Size: 3,520 SF
Lot size: 0.70 Acres
Property subtype: Multi Family

Building Details

Year Built: 1972

Listing office RE/MAX North Professionals

Listing date Mar 12, 2026

Source Compass

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

Investment Insights

Based on property information with market context.

Located on the outskirts of Malletts Bay, near town offices and schools, and directly in front of the Colchester Recreation Center, the property at 205 Blakely Road consists of four units within almost 4000 square feet. Each spacious unit, approximately 1000 square feet, features a full bath, a full kitchen with dishwashers, natural light, low pile carpet or vinyl flooring, and new windows. Recent updates include new flooring, a new efficient Weil McLain natural gas boiler, new windows, a five-year-old roof, and on-site coin-operated laundry and storage sheds. A Department of Health waiver, issued in 2013, exempts the property from IRC practices due to a Clay Point Associates, INC report indicating no lead paint within the residential structure. Situated on 0.70 acres, the property offers potential for additional development, subject to due diligence. The property is ready for immediate occupancy in all units, or consider updating at your leisure throughout to increase rental projections for this desirable location. With current rents and estimates for vacancies the CAP rate is 7.90% and easily brought to nearly 9%. Surrounded by community, schools, parks and recreation, and close to shopping and groceries this is a ideal investment or fantastic owner occupied home. The property includes a total of seven bedrooms and four bathrooms.

Key Highlights

High CAP rate of 7.90%, with potential to reach nearly 9%.
Four spacious units, each approximately 1000 sqft, with full kitchens and dishwashers.
Prime location near schools, town offices, the Colchester Recreation Center, parks, shopping, and groceries.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.2k	$15.96
− Vacancy	−$640	−$0.18
EGI	$55.5k	$15.78
− OpEx	−$16.7k	−$4.73
NOI	$38.9k	$11.04

3,520 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$555.4K

$486.0K – $648.0K (±1% cap)

NOI $38,877 @ 7.0% cap · market cap 4.32%

Second Best

Apartment 5plus

$491.9K

$430.4K – $573.8K (±1% cap)

NOI $34,430 @ 7.0% cap · market cap 3.83%

Theoretical Best

Office A

$965.5K

$844.8K – $1.13M (±1% cap)

NOI $67,584 @ 7.0% cap · market cap 7.51%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Quadplexes
VT
Colchester
05446
205 Blakely Road

What type of property is this?

Quadplex - Four units, seven bedrooms, desirable location near amenities.

Where is this quadplex located?

The property is located at 205 Blakely Road Colchester, VT.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: High CAP rate of 7.90%, with potential to reach nearly 9%.; Four spacious units, each approximately 1000 sqft, with full kitchens and dishwashers.; Prime location near schools, town offices, the Colchester Recreation Center, parks, shopping, and groceries.