Triplex with In-Unit Washer and
For Sale
$299,000
3880 US Rte 7, Pittsford, VT 05733
MULTI_FAMILY - Other - Pittsford, VT
Property Size2,570 SF
Lot Size0.30 Acres
Price / SF$116.34
Days on Market196
Property Features for 3880 US Rte 7
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential/Commercial
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 1
Lot features
Neighbor Business, Near School(s)
Elementary school
Lothrop School
High school
Otter Valley High School
Directions
Traveling on Rte 7 property is on corner across from Kumudas Market and town Liibrary.
Standard status
Active
Size
2,570 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4151
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Forced Air
Cooling system
Zoned, Ductless
Water source
Public
Amenities
washer and dryer in each unit
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Wood Frame
Roof type
Slate
Architectural style
Other
Listing Agency:
RE/MAX Summit · RE/MAX International
(802) 772-0670
Listed By:
Brian Hill · License #82.01350001
(802) 772-0670
Added: Jan 24
Changed: Aug 3
Last Checked: Aug 8 at 12:06PM
MLS# 5074851
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.
Investment Insights
Based on property information with market context.
This triplex property offers a practical multi-family layout with 4 bedrooms and 3.5 bathrooms, plus a basement. Construction is wood frame with a slate roof. Heating includes ductless heating and forced air, and cooling is zoned with ductless equipment. Public water and public sewer service support day-to-day operations.
The property is located at 3880 US Rte 7 in Pittsford, Vermont, on a 0.3-acre lot. Its US Route 7 frontage provides straightforward visibility and accessibility for tenants and visitors.
With 2,570 SF of building area and in-unit laundry equipment in each unit, the home is designed for tenant convenience.
The property is located at 3880 US Rte 7 in Pittsford, Vermont, on a 0.3-acre lot. Its US Route 7 frontage provides straightforward visibility and accessibility for tenants and visitors.
With 2,570 SF of building area and in-unit laundry equipment in each unit, the home is designed for tenant convenience.
Key Highlights
- Washer and dryer in each unit
- 0.3‑acre lot at 3880 US Rte 7, Pittsford, VT
- 2,570 SF building area
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
$24,355
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
8.15%
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%
$487,100
$487.1K
Cap Rate 7%
$347,929
$347.9K
Cap Rate 9%
$270,611
$270.6K
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
$35.5K $13.80/SF
− Vacancy
−$674 −$0.26/SF
EGI
$34.8K $13.54/SF
− OpEx
−$10.4K −$4.06/SF
NOI
$24.4K $9.48/SF
Area
Rutland County, VT
Vacancy
1.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$487,100
Cap Rate 7%
$347,929
Cap Rate 9%
$270,611
Alternative Uses
Best Use
Multifamily LT 5
$347.9K
$304.4K – $405.9K
NOI $24,355 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$320.6K
$280.5K – $374.0K
NOI $22,441 @ 7.0% cap · market cap 7.51%
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
23
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
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex property on 0.3 acres with 2,570 SF, public utilities, and washer/dryer in each unit.
Where is this triplex 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: Washer and dryer in each unit; 0.3‑acre lot at 3880 US Rte 7, Pittsford, VT; 2,570 SF building area
