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    Versatile Multi-Family Village Property Title is generated by Realmo AI

    57 Pleasant Street, Ludlow, VT 05149

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    Claim this Listing
    New
    For Sale
    $475,000

    Multi-Family - Ludlow, VT

    Property size:
    2,056 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $231/SF
    Added:
    May 15, 2026
    Days on Market:
    3
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 57 Pleasant Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Village
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    1
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 1,Unit 2: 1,Unit 3: 2
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    2,056 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4361.32

    Utilities

    Heating system
    Baseboard, Oil

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Vinyl, Wood
    Roof type
    Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Katherine Burns

    Listing agent Katherine Burns

    Listing office William Raveis Real Estate Vermont Properties 29 Locust Hill Road, Ludlow, VT

    Listing date May 15, 2026

    MLS# 5089229 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

    • Prime village location in Ludlow, near Okemo Mountain Resort shuttle, restaurants, and shopping.
    • Multi‑family property with three apartments offering excellent rental potential.
    • Separate utilities for each unit, simplifying ownership and management.
    • Includes a private one‑bedroom unit with an upper‑level bedroom retreat.
    • Two spacious two‑bedroom apartments with comfortable living areas.
    • Garage and paved/surfaced parking available.

    Overview

    Located in the heart of the Village of Ludlow, this multi-family property features three apartments with rental potential. A one-bedroom unit is situated at the rear of the home with an upper-level bedroom. Additionally, there are two two-bedroom apartments offering living areas and functional layouts. The property is located near the Okemo Mountain Resort shuttle and is within proximity to restaurants, shopping, and local amenities. Each unit is metered with separate utilities. The property is zoned as Village and sits on a 0.25-acre lot. The property contains 2056 square feet. Taxes are based on the town assessment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Windsor
    State
    Vermont
    Longitude
    -72.6959492
    Latitude
    43.3947259

    Nearby Similar for Sale

    • $450,000

      Main Street Commercial Opportunity, Ludlow

      Blank canvas with Village/Residential zoning on Ludlow's Main Street.
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    • $1,350,000
      6,069 SF

      Turnkey Village Inn and Restaurant

      Fully furnished inn and restaurant near Okemo Mountain Ski Resort.
      86 Main Street, Ludlow, VT 05149
      View Details
    • $525,000

      Ludlow Village Multifamily Investment

      Three-unit property near Okemo Mountain Resort with income potential.
      11 Pleasant St, Ludlow, VT 05149
      View Details
    • $749,000
      6,000 SF

      Ludlow Village Multifamily Property

      Commercial property with apartments and garage in Ludlow Village.
      23-25 Depot Street, Ludlow, VT 05149
      View Details
    • $1,690,000
      11,409 SF

      Ludlow Mixed-Use Investment Opportunity

      Mixed-use property in Ludlow, Vermont with income potential.
      156 Main St, Ludlow, VT 05149
      View Details

    FAQs

    What type of property is this?
    Triplex - Multi-family property with three apartments in Ludlow, Vermont.
    Where is this triplex located?
    The property is located at 57 Pleasant Street Ludlow, VT.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Prime village location in Ludlow, near Okemo Mountain Resort shuttle, restaurants, and shopping.; Multi‑family property with three apartments offering excellent rental potential.; Separate utilities for each unit, simplifying ownership and management.
    (802) 228-8877
    We can help!
    Listing Contact
    Katherine Burns
    Learn More
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    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
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