Quadplex with Coin-Op
205 Blakely Road Colchester, VT 05446
205 Blakely Road, Colchester, VT, 05446
$900,000
For Sale
Under Contract
$900,000
MULTI_FAMILY - Other - Colchester, VT
Property Size3,520 SF
Lot Size0.70 Acres
Price / SF$255.68
Days on Market131
Property Features for 205 Blakely Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LS2
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 7, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- 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
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Board and Batten Exterior, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX North Professionals
(802) 655-3333
553 Roosevelt Highway, Colchester, VT
Listed by
Mikail Stein
(802) 655-3333
Added: Mar 12 Checked: Jul 20 at 3:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Approx. 4,000 SF, 4‑unit property on 0.70 acres with 7 bedrooms and 4 bathrooms
- Each unit is about 1,000 SF and includes a full bath and full kitchen with dishwashers
- Recent updates include new flooring, new windows, and a roof about 5 years old
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $38,877 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$491.9K
$430.4K – $573.8K
NOI $34,430 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$965.5K
$844.8K – $1.13M
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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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: Approx. 4,000 SF, 4‑unit property on 0.70 acres with 7 bedrooms and 4 bathrooms; Each unit is about 1,000 SF and includes a full bath and full kitchen with dishwashers; Recent updates include new flooring, new windows, and a roof about 5 years old
