Building Details

Year Built 1900

Listing Agency: RE/MAX Summit

Listed By: Brian Hill · License #82.01350001 Show Phone

Source: 603propertygroup

Added: Jul 25 Changed: Sep 14 Last Checked: Oct 7 at 2:09PM

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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 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.

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 / Yr

$22,441

Cap Rate

7.51%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $31,323 @ 7.0% cap · market cap 10.48%

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

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Real Estate Agency Building Supply Storage Facility Garden Center

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

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

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

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