Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St. Albans Multi-Family with Garage Title is generated by Realmo AI

    374 Lake Road, Saint Albans, VT 05478

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $400,000

    Multi-Family - St. Albans Town, VT

    Property size:
    2,238 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $178/SF
    Added:
    Apr 16, 2026
    Days on Market:
    32
    Last Refresh:
    May 17 at 11:06 pm

    Property Features for 374 Lake Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial/Res
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active Under Contract
    Size
    2,238 SF
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4503.04

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1850
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Tile, Vinyl, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Collins

    Listing agent Jeremy Collins

    Listing office Ridgeline Real Estate 7997 Williston Rd., Williston, VT

    Listing date Apr 16, 2026

    MLS# 5083964 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

    • 1080SF oversized, heated two‑car garage with 12' ceilings and professional‑grade lift gate, ideal for contractors and car enthusiasts.
    • Mixed commercial and residential zoning with prime visibility, perfect for combining trade with investment.
    • Two‑unit property (2‑bedroom owner‑occupied and 2‑bedroom rental) with existing rental income.
    • Large 0.63‑acre lot with ample parking for work vehicles, trailers, or multiple cars.
    • Over 2,200 square feet of finished living space, move‑in ready.
    • Located in St. Albans Town with lower taxes and close proximity to St. Albans City amenities.

    Overview

    Located in St. Albans Town, this property features a home with a classic standing-seam metal roof situated in a mixed commercial and residential district. The building offers over 2,200 square feet of finished living space, divided into two units: a two-bedroom owner-occupied unit and a two-bedroom rental unit. The downstairs unit provides rental income with an open layout. The property has undergone several updates, including window and door replacements, water tank replacement, tree removal, yard leveling, marble backsplash installation in the upstairs unit, brick removal from a wall, blown-in insulation, connection to the town sewer, downstairs kitchen renovation, cement floor installation in the basement, and garage construction. A notable feature is the 1080 square foot oversized, heated two-car garage with 12-foot ceilings, equipped with a professional-grade lift gate. The garage is suitable for contractors, car enthusiasts, heavy-duty projects, equipment storage, or restoration work. The 0.63-acre lot provides ample space for parking work trucks, trailers, or multiple cars. The business district zoning and visibility make it suitable for contractors seeking a combined trade and investment opportunity. Located minutes from St. Albans City amenities, the property combines living spaces with workspace potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Spa & Massage Center Building Supply Hotel & Motel Bakery Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Franklin
    State
    Vermont
    Longitude
    -73.1052017
    Latitude
    44.8116073

    Nearby Similar for Sale

    • $545,000

      Commercial Building with Development Potential

      Established commercial building in a high-visibility location with income potential.
      158 North Main Street, St. Albans City, VT 05478
      View Details
    • $1,300,000

      St. Albans City Office Complex

      First-class office complex in vibrant downtown St. Albans City.
      17-37 Catherine Street, St. Albans City, VT 05478
      View Details
    • $465,000
      2,834 SF

      St. Albans City Multi-Family

      Well-maintained three-unit property in a desirable city neighborhood.
      27 Upper Welden Street, St. Albans City, VT 05478
      View Details
    • $999,000
      10,416 SF

      Warehouse Condo with Dock Access

      10,416 SF warehouse condo with showroom potential for sale.
      362 Swanton Rd, Saint Albans, VT
      View Details
    • $2,195,000

      Industrial Property For Sale

      Industrial property available for sale.
      457 Swanton Rd, Saint Albans City, VT 05478
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-family property with oversized heated garage in St. Albans.
    Where is this duplex located?
    The property is located at 374 Lake Road Saint Albans, VT.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 1080SF oversized, heated two‑car garage with 12' ceilings and professional‑grade lift gate, ideal for contractors and car enthusiasts.; Mixed commercial and residential zoning with prime visibility, perfect for combining trade with investment.; Two‑unit property (2‑bedroom owner‑occupied and 2‑bedroom rental) with existing rental income.
    (251) 472-7084
    We can help!
    Listing Contact
    Jeremy Collins
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    374 Lake Road, St. Albans Town, VT 05478-2275
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!