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    Updated Multifamily Duplex Title is generated by Realmo AI

    31 Granite Street, Barre, VT 05641

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    For Sale
    $225,000

    MULTI_FAMILY - Other - Barre City, VT

    Property size:
    2,548 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $88/SF
    Added:
    Jan 1, 2026
    Days on Market:
    155
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 31 Granite Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mixed Use
    Rooms
    Basement
    Appliances
    On Demand Water Heater
    Standard status
    Active
    Size
    2,548 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6127

    Utilities

    Utilities
    Cable Available
    Heating system
    Propane (Heating), Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1889
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Leslie Drown

    Listing agent Leslie Drown

    Listing office Leslie Drown Real Estate LLC 715 VT Rte 14 S, East Montpelier, VT

    Listing date Jan 1, 2026

    MLS# 5072850 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

    • Duplex built in 1889 with upstairs and downstairs apartments
    • Roof replaced in 2020 (shingle roofing)
    • New windows installed in 2022 for the living spaces in both units
    • Utility room and mechanical updates after the 2023 flood, including the utility room added above flood stage and new electrical panels
    • Heating and hot water upgrades include a new furnace/boiler and on‑demand water heater (hot water heater for the upstairs)
    • Renovations include 2023 kitchen updates (new cupboards, stove, dishwasher), plus washer and dryer included

    Overview

    This multifamily duplex offers two residential units and includes several major updates. A new roof was installed in 2020. In 2022, all living spaces in both the upstairs and downstairs units received new windows. Following the 2023 flood, flood-resistant improvements were completed, including a utility room added above flood stage with updated electrical panels, a new furnace/boiler, and a new hot water heater for the upstairs apartment.

    Both units have seen renovation work. The downstairs apartment was updated in 2023 with new kitchen cabinetry, a stove, and a dishwasher. Laundry is included, with a brand-new washer and a secondhand dryer. The downstairs layout includes two bedrooms with closets, plus one large room currently used as a bedroom without a closet. The upstairs improvements include a newly installed shower in 2023.

    For buyers seeking a residential income property, this duplex combines updated building systems with documented flood mitigation and multiple interior refreshes. With the utility room configured above flood stage and key mechanical components replaced, the property is positioned for day-to-day operational reliability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Barre
    County
    Washington
    State
    Vermont
    Longitude
    -72.5064903
    Latitude
    44.1994806

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Barre City with recent roof, window, and flood-mitigation improvements.
    Where is this duplex located?
    The property is located at 31 Granite Street Barre, VT.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Duplex built in 1889 with upstairs and downstairs apartments; Roof replaced in 2020 (shingle roofing); New windows installed in 2022 for the living spaces in both units
    (802) 279-2782
    We can help!
    Listing Contact
    Leslie Drown
    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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