Two-Unit Duplex with Private
59-61 Church Street #2 Richmond, VT 05477
New
59-61 Church Street #2, Richmond, VT, 05477
$800,000
For Sale
$800,000
Built in 1900, this two-story duplex offers two townhouse-style units with private decks, multiple living spaces, and a shared backyard.
Property Size3,700 SF
Price / SF$216.22
Days on Market2
Property Features for 59-61 Church Street #2
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing agency
Re/Max North Professionals
(802) 655-3333
Listed by
Linda St. Amour
Source
Threehillsres
Added: Jul 21 Updated: Jul 22 at 9:38AM Checked: Jul 22 at 9:38AM
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 North Professionals
Investment Insights
Based on property information with market context.
This two-story duplex built in 1900 features a townhouse-style side-by-side layout, with each unit having nearly 1,300 square feet. Both units include 3 bedrooms, separate and spacious dining and living rooms, and a 3/4 bath on each floor. Original character details are highlighted by high ceilings, original trim, and most of the original hardwood and softwood floors, with large windows contributing to a bright feel. Each unit also includes a private deck and access to a backyard, and there is a 2-car garage use on one side.
The property is located on Church Street in the Richmond Village area on a dead-end street, within walking distance to village conveniences including the Library, Post Office, Village Green, Richmond Market, restaurants, and a bakery.
The configuration supports owner-occupant use, while the side-by-side arrangement provides clear separation between the two units and their respective interior layouts.
The property is located on Church Street in the Richmond Village area on a dead-end street, within walking distance to village conveniences including the Library, Post Office, Village Green, Richmond Market, restaurants, and a bakery.
The configuration supports owner-occupant use, while the side-by-side arrangement provides clear separation between the two units and their respective interior layouts.
Key Highlights
- Built in 1900, 2‑story duplex features townhouse‑style side‑by‑side units
- Each unit has nearly 1,300 SF with 3 bedrooms and a 3/4 bath on each floor
- Separate, spacious living and dining rooms in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.1k | $15.96 |
| − Vacancy | −$673 | −$0.18 |
| EGI | $58.4k | $15.78 |
| − OpEx | −$17.5k | −$4.73 |
| NOI | $40.9k | $11.04 |
3,700 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$583.8K
$510.8K – $681.1K
NOI $40,865 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$517.0K
$452.4K – $603.2K
NOI $36,190 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.01M
$888.0K – $1.18M
NOI $71,040 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 1900, this two-story duplex offers two townhouse-style units with private decks, multiple living spaces, and a shared backyard.
Where is this duplex located?
The property is located at 59-61 Church Street #2 Richmond, VT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Built in 1900, 2‑story duplex features townhouse‑style side‑by‑side units; Each unit has nearly 1,300 SF with 3 bedrooms and a 3/4 bath on each floor; Separate, spacious living and dining rooms in each unit
