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    Quadplex with Coin-Op Laundry Title is generated by Realmo AI

    205 Blakely Road, Colchester, VT 05446

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    Claim this Listing
    For Sale
    Under Contract
    $900,000

    MULTI_FAMILY - Other - Colchester, VT

    Property size:
    3,520 SF
    Lot size:
    0.70 Acres
    Price / SF:
    $255/SF
    Added:
    Mar 12, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 205 Blakely Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LS2
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3
    Parking features
    Driveway
    Exterior features
    Natural Shade, Shed
    Appliances
    Water Heater
    Standard status
    Active Under Contract
    Size
    3,520 SF
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7812

    Utilities

    Heating system
    Oil, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Vinyl
    Building materials
    Board and Batten Exterior, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mikail Stein

    Listing agent Mikail Stein

    Listing office RE/MAX North Professionals 553 Roosevelt Highway, Colchester, VT

    Listing date Mar 12, 2026

    MLS# 5079063 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

    • Approximately 4‑unit multi‑family on 0.70 acres with almost 4,000 SF total, featuring 7 bedrooms and 4 bathrooms
    • Each unit is about 1,000 SF and includes a full kitchen with dishwashers plus a full bath
    • Recent updates include a new Weil McLain natural gas boiler, new flooring, and new windows
    • Roof is about 5 years old, with shingle roofing and vinyl siding
    • On‑site amenities include coin‑op laundry and storage sheds, plus a driveway for parking
    • Public utilities: public water; reported lead‑paint waiver extension in 2013 from IRC practices based on a Clay Point Associates, INC report

    Overview

    This quadplex at 205 Blakely Road offers four spacious units totaling about 3,520 square feet. Each unit includes a full kitchen with dishwashers, a full bath, natural light, and low-pile carpet or vinyl flooring. The property includes practical on-site amenities such as coin-operated laundry and convenient storage sheds.

    The home sits on approximately 0.70 acres on the outskirts of Malletts Bay. The setting places it immediately in front of the Colchester Recreation Center and within close proximity to town offices and schools.

    Updates and building improvements cited in the listing include new flooring, new efficient Weil McLain natural gas boiler, new windows, and a roof reportedly about five years old. The Department of Health extended a waiver in 2013 from any IRC practices based on a report detecting no lead paint on or within the residential structure. The seller notes the property is ready for immediate occupancy in all units. For buyers reviewing operating performance, the listing states that based on current rents and estimated vacancies, the CAP rate is 7.90%, with estimates potentially varying depending on vacancy assumptions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Hotel & Motel Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2131141
    Latitude
    44.5428413

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    FAQs

    What type of property is this?
    Quadplex - Four-unit quadplex with coin-operated laundry, updated windows, and natural gas heat, ready for occupancy.
    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: Approximately 4‑unit multi‑family on 0.70 acres with almost 4,000 SF total, featuring 7 bedrooms and 4 bathrooms; Each unit is about 1,000 SF and includes a full kitchen with dishwashers plus a full bath; Recent updates include a new Weil McLain natural gas boiler, new flooring, and new windows
    (802) 655-3333
    We can help!
    Listing Contact
    Mikail Stein
    Request Owner's contact information
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    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.

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