Renovated Duplex with Separate
For Sale
$330,000
41 Furnace St, Poultney, VT 05764
Two updated apartments offer independent heating controls, private laundry, and flexible occupancy options.
Property Size2,080 SF
Price / SF$158.65
Days on Market53
Property Features for 41 Furnace St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Building Details
Year Built
1870
Listing Agency:
Casella Real Estate
Listed By:
Hughes Group Team
(802) 772-7487
Source:
Findhomesinnh
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 14 at 11:34PM
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 Casella Real Estate
Investment Insights
Based on property information with market context.
Located at 41 Furnace Street in Poultney, this two-unit duplex underwent a full renovation in 2023. The 2,080-square-foot property includes a first-floor apartment with two bedrooms and one bathroom and a second-floor apartment with three bedrooms and one bathroom. Each unit has private laundry, a renovated kitchen and bath, vinyl plank flooring, recessed lighting, and independently controlled hydronic heat using panel radiators and baseboards.
Major improvements include the roof, windows, electrical, plumbing, insulation, drywall, fixtures, and heating system. A three-meter electrical service separately measures the first-floor apartment, second-floor apartment, and common or house service. The upstairs unit is occupied under an affordable housing program with the current lease running through July 31, 2027. The first-floor apartment has no such restriction and can support owner occupancy or rental use.
Major improvements include the roof, windows, electrical, plumbing, insulation, drywall, fixtures, and heating system. A three-meter electrical service separately measures the first-floor apartment, second-floor apartment, and common or house service. The upstairs unit is occupied under an affordable housing program with the current lease running through July 31, 2027. The first-floor apartment has no such restriction and can support owner occupancy or rental use.
Key Highlights
- 2,080‑square‑foot duplex renovated in 2023
- First‑floor unit has 2 bedrooms, 1 bathroom, and private laundry
- Second‑floor unit has 3 bedrooms, 1 bathroom, and private laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,711
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,220
$394.2K
Cap Rate 7%
$281,586
$281.6K
Cap Rate 9%
$219,011
$219.0K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$28.7K $13.80/SF
− Vacancy
−$545 −$0.26/SF
EGI
$28.2K $13.54/SF
− OpEx
−$8.4K −$4.06/SF
NOI
$19.7K $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 Rate 5%
$394,220
Cap Rate 7%
$281,586
Cap Rate 9%
$219,011
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,711 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$259.5K
$227.0K – $302.7K
NOI $18,162 @ 7.0% cap · market cap 5.50%
Theoretical Best
Healthcare Medical
$362.2K
$316.9K – $422.5K
NOI $25,351 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
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Business Placement
Demographics for 05764, VT
3,045
Population
1,472
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
68
Density / Sq Mi
$62,348
Median Household Income
$35,583
Median Earnings
$859
Median Rent
$208,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated apartments offer independent heating controls, private laundry, and flexible occupancy options.
Where is this duplex located?
The property is located at 41 Furnace St Poultney, VT.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,080‑square‑foot duplex renovated in 2023; First‑floor unit has 2 bedrooms, 1 bathroom, and private laundry; Second‑floor unit has 3 bedrooms, 1 bathroom, and private laundry
