Building Details

Year Built 1880

Buildings 1

Listing Agency: Flex Realty

Listed By: Chris Williams chris@flexrealtyvt.com

Source: Nhlakesandmountainshomesearch

Added: Aug 25 Changed: Oct 3 Last Checked: Oct 14 at 11:07PM

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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 Flex Realty

Investment Insights

Based on property information with market context.

This two-unit duplex contains approximately 1,809 finished square feet, with a 4-bedroom, 2-bath unit alongside a 1-bedroom, 1-bath unit. The property includes a full basement, enclosed front porch, slate roof, wall air conditioning units, and oil-fired forced-air heat. Public water and sewer serve the building, which conveys in As-Is condition.

Set on 0.36 acres in Proctor, the property has a landscaped yard, mountain views, and a residential setting. Local destinations include Beaver Pond, the Carriage Trails, hiking areas, Proctor Pool, the town ice and roller skating rink, the Vermont Marble Museum, Marble Bridge, Wilson Castle, parks, schools, and the Proctor Free Library. Rutland provides additional shopping, dining, entertainment, and services, while the surrounding region offers skiing, golf, and other Green Mountain recreation.

Key Highlights

• Two‑unit layout with a 4‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath unit
• Approximately 1,809 finished square feet on 0.36 acres
• Slate roof, full basement, enclosed front porch, and wall air conditioning units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,796

Cap Rate

8.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,920 $315.9K

Cap Rate 7%

$225,657 $225.7K

Cap Rate 9%

$175,511 $175.5K

Market Conditions

NOI Build-Up for 1,809 SF

Gross rent

$29.3K $16.20/SF

− Vacancy

−$586 −$0.32/SF

EGI

$28.7K $15.88/SF

− OpEx

−$12.9K −$7.14/SF

NOI

$15.8K $8.73/SF

Area

Rutland County, VT

Vacancy

2.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,920

Cap Rate 7%

$225,657

Cap Rate 9%

$175,511

Alternative Uses

Best Use

Multifamily LT 5

$244.9K

$214.3K – $285.7K (±1% cap)

NOI $17,143 @ 7.0% cap · market cap 9.52%

Second Best

Apartment 5plus

$225.7K

$197.5K – $263.3K (±1% cap)

NOI $15,796 @ 7.0% cap · market cap 8.78%

Theoretical Best

Healthcare Medical

$315.0K

$275.6K – $367.5K (±1% cap)

NOI $22,048 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Plumbing Service Restaurant Big Box & Wholesale Store Gym & Fitness Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 05765, VT

1,722

Population

761

Households

2.3

Avg Household Size

44

Median Age

28%

College-Educated

97%

High-School Grad

7.2 sq mi

ZIP Area

239

Density / Sq Mi

$65,000

Median Household Income

$42,115

Median Earnings

$997

Median Rent

$199,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

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Frequently Asked Questions

What type of property is this?

Duplex - Distinct living spaces support owner occupancy, investment use, or additional household space under one roof.

Where is this duplex located?

The property is located at 31-33 Gorham Bridge Rd Proctor, VT.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Two‑unit layout with a 4‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath unit; Approximately 1,809 finished square feet on 0.36 acres; Slate roof, full basement, enclosed front porch, and wall air conditioning units