Updated Lakefront
New
For Sale
$899,900
3-5 Edgewater Terrace, Milton, VT 05468
Multi-Family, Milton, VT
Property Size4,676 SF
Lot Size2.58 Acres
Price / SF$192.45
Days on Market5
Property Features for 3-5 Edgewater Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Rooms
Basement
Parking features
Driveway, Open, Garage
Patio and Porch features
Deck, Porch
Exterior features
Deck, Partial Fence, Covered Porch
Fencing
Partial
Lot features
Subdivision, View, Private
Elementary school
Milton Elementary School
Middle school
Milton Jr High School
High school
Milton Senior High School
Elementary school district
Milton
Middle school district
Milton
High school district
Milton
Directions
RT 7 north through Milton Village, past lake road. Take Right onto Edgewater, 1st house on right.
Standard status
Active
Size
4,676 SF
Lot size
2.58 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11020
Utilities
Utilities
Cable Available
Heating system
Baseboard, Natural Gas
Water source
Well
Water front
1
Amenities
lakefront
composite deck
stone patios
walkways
leased solar panels
natural gas heat
full lake access
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial, Contemporary
Listing Agency:
BHHS Vermont Realty Group/S Burlington · Berkshire Hathaway HomeServices
(802) 658-5555
Listed By:
Robbi Handy Holmes
(802) 881-8193
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 4 at 1:06AM
MLS# 5108019
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 4,676-square-foot duplex-style property on 2.58 acres includes a primary residence and an attached accessory apartment. The main dwelling has three bedrooms, a bonus room above the garage, a granite-and-stainless kitchen, dining area, family room, and updated primary bath. A partially finished basement adds usable interior space. Wood, tile, and vinyl flooring are installed throughout, while natural gas baseboard heat serves the home. Exterior improvements include a composite deck, stone patios and walkways, a covered porch, partial fencing, and a garage.
Located at 3-5 Edgewater Terrace in Milton, the property sits on Lake Arrowhead with lake views and access to the water. The 2006 construction features wood-frame construction, vinyl siding, a shingle roof, well water, cable availability, and leased solar panels. The residentially zoned property offers a combination of waterfront setting and separate attached living space.
Located at 3-5 Edgewater Terrace in Milton, the property sits on Lake Arrowhead with lake views and access to the water. The 2006 construction features wood-frame construction, vinyl siding, a shingle roof, well water, cable availability, and leased solar panels. The residentially zoned property offers a combination of waterfront setting and separate attached living space.
Key Highlights
- 2.58‑acre Lake Arrowhead waterfront property with direct lake access
- 4,676 square feet with a primary residence and attached accessory apartment
- Main home includes 3 bedrooms and a bonus room over the garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,900
$1.0M
Cap Rate 7%
$737,786
$737.8K
Cap Rate 9%
$573,833
$573.8K
Market Conditions
NOI Build-Up for 4,676 SF
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.
Gross rent
$74.6K $15.96/SF
− Vacancy
−$851 −$0.18/SF
EGI
$73.8K $15.78/SF
− OpEx
−$22.1K −$4.73/SF
NOI
$51.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,900
Cap Rate 7%
$737,786
Cap Rate 9%
$573,833
Alternative Uses
Best Use
Multifamily LT 5
$737.8K
$645.6K – $860.8K
NOI $51,645 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$653.4K
$571.7K – $762.3K
NOI $45,737 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,779 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 05468, VT
13,369
Population
5,137
Households
2.6
Avg Household Size
42
Median Age
32%
College-Educated
93%
High-School Grad
62.5 sq mi
ZIP Area
214
Density / Sq Mi
$112,122
Median Household Income
$56,394
Median Earnings
$1,537
Median Rent
$340,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Waterfront property with an accessory apartment, flexible interior space, and direct Lake Arrowhead access.
Where is this duplex located?
The property is located at 3-5 Edgewater Terrace Milton, VT.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2.58‑acre Lake Arrowhead waterfront property with direct lake access; 4,676 square feet with a primary residence and attached accessory apartment; Main home includes 3 bedrooms and a bonus room over the garage
