Multifamily Property with In-Unit
For Sale
$299,000
3880 Us Rte 7, Pittsford, VT 05733
Four-bedroom property with three-and-a-half bathrooms and individual washers and dryers for residents.
Property Size2,570 SF
Price / SF$116.34
Days on Market36
Property Features for 3880 Us Rte 7
General Information
Standard status
Active
Size
2,570 SF
Property subtype
Multi-Family
Amenities
washer and dryer
Building Details
Year Built
1900
Listing Agency:
RE/MAX Summit
(802) 772-0670
Listed By:
Brian Hill · License #82.01350001
Source:
603propertygroup
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 12:45PM
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 RE/MAX Summit
Investment Insights
Based on property information with market context.
This multifamily property offers 2,570 square feet with a four-bedroom, three-and-a-half-bathroom configuration. Each unit includes its own washer and dryer, providing a practical feature for residents. Built in 1900, the property is positioned along US Route 7 in Pittsford, Vermont.
The setting provides access to local markets, schools, and recreational opportunities. Cadwell Trail is located minutes away, adding a nearby outdoor amenity. The property’s location along a well-traveled route supports convenient access and visibility.
The setting provides access to local markets, schools, and recreational opportunities. Cadwell Trail is located minutes away, adding a nearby outdoor amenity. The property’s location along a well-traveled route supports convenient access and visibility.
Key Highlights
- 2,570‑square‑foot multifamily property
- Four bedrooms and three‑and‑a‑half bathrooms
- Each unit includes its own washer and dryer
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
$22,441
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
7.51%
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%
$448,820
$448.8K
Cap Rate 7%
$320,586
$320.6K
Cap Rate 9%
$249,344
$249.3K
Market Conditions
NOI Build-Up for 2,570 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
$41.6K $16.20/SF
− Vacancy
−$833 −$0.32/SF
EGI
$40.8K $15.88/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$22.4K $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 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%
$448,820
Cap Rate 7%
$320,586
Cap Rate 9%
$249,344
Alternative Uses
Best Use
Apartment 5plus
$320.6K
$280.5K – $374.0K
NOI $22,441 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$447.5K
$391.5K – $522.1K
NOI $31,323 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 05733, VT
5,935
Population
3,289
Households
1.8
Avg Household Size
48
Median Age
33%
College-Educated
95%
High-School Grad
108.1 sq mi
ZIP Area
55
Density / Sq Mi
$65,673
Median Household Income
$40,993
Median Earnings
$1,020
Median Rent
$240,400
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?
Multifamily property - Four-bedroom property with three-and-a-half bathrooms and individual washers and dryers for residents.
Where is this multifamily property located?
The property is located at 3880 Us Rte 7 Pittsford, VT.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,570‑square‑foot multifamily property; Four bedrooms and three‑and‑a‑half bathrooms; Each unit includes its own washer and dryer
