Historic Duplex with
For Sale
$719,000
59-61 Church Street, Richmond, VT 05477
Multi-Family, Richmond, VT
Property Size2,560 SF
Lot Size0.25 Acres
Price / SF$280.86
Days on Market89
Property Features for 59-61 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2, Basement, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 5
Parking features
Garage, Driveway
Patio and Porch features
Deck, Porch
Exterior features
Deck, Covered Porch
Lot features
Level, Trail/ Near Trail, Near Paths, Near School(s)
Elementary school
Richmond Elementary School
Middle school
Camels Hump Middle USD 17
High school
Mt. Mansfield USD #17
Elementary school district
Chittenden East
Middle school district
Chittenden East
High school district
Chittenden East
Standard status
Active
Size
2,560 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10096
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating)
Water source
Public
Amenities
private deck
backyard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Softwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
RE/MAX North Professionals · RE/MAX International
(802) 655-3333
Listed By:
Linda St. Amour · License #810003002
(802) 861-6231
Added: Jun 22
Changed: Sep 14
Last Checked: Sep 18 at 10:06AM
MLS# 5096512
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 2-story side-by-side duplex contains two townhouse-style units in a Colonial wood-frame home built in 1900. The property totals 2,560 square feet, with each residence offering nearly 1,300 square feet, three bedrooms, a bathroom on each floor, separate living and dining rooms, a private deck, and access to a backyard. High ceilings, large windows, original trim, and a mix of hardwood, softwood, and vinyl flooring retain the building’s period character. A new shingle roof and completed fire-safety work provide important recent improvements.
The duplex is located at 59-61 Church Street in Richmond Village on a dead-end street. Sidewalk access connects the property with the library, post office, village green, Richmond Market, restaurants, and bakery. The property also includes driveway parking, garage use for two cars on one side, a covered porch, public water, hot-water heating, and a 0.25-acre lot.
The duplex is located at 59-61 Church Street in Richmond Village on a dead-end street. Sidewalk access connects the property with the library, post office, village green, Richmond Market, restaurants, and bakery. The property also includes driveway parking, garage use for two cars on one side, a covered porch, public water, hot-water heating, and a 0.25-acre lot.
Key Highlights
- Two‑unit duplex totals 2,560 square feet on a 0.25‑acre lot
- Each side offers nearly 1,300 square feet with 3 bedrooms and bathrooms on both floors
- Side‑by‑side townhouse layout includes separate living and dining rooms
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
$28,274
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
3.93%
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%
$565,480
$565.5K
Cap Rate 7%
$403,914
$403.9K
Cap Rate 9%
$314,156
$314.2K
Market Conditions
NOI Build-Up for 2,560 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
$40.9K $15.96/SF
− Vacancy
−$466 −$0.18/SF
EGI
$40.4K $15.78/SF
− OpEx
−$12.1K −$4.73/SF
NOI
$28.3K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /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%
$565,480
Cap Rate 7%
$403,914
Cap Rate 9%
$314,156
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$357.7K
$313.0K – $417.3K
NOI $25,040 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,152 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 05477, VT
4,551
Population
2,111
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
136
Density / Sq Mi
$118,214
Median Household Income
$58,329
Median Earnings
$1,188
Median Rent
$403,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side townhouse-style units combine historic character, flexible layouts, private outdoor space, and village access.
Where is this duplex located?
The property is located at 59-61 Church Street Richmond, VT.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑unit duplex totals 2,560 square feet on a 0.25‑acre lot; Each side offers nearly 1,300 square feet with 3 bedrooms and bathrooms on both floors; Side‑by‑side townhouse layout includes separate living and dining rooms
