Three-Unit Triplex with Detached
New
For Sale
$369,000
6098 140 Route, Wallingford, VT 05742
Multi-Family, Wallingford, VT
Property Size2,400 SF
Lot Size0.85 Acres
Price / SF$153.75
Days on Market3
Property Features for 6098 140 Route
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multiple Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street, Garage
Appliances
Domestic Water Heater, Heat Pump Water Heater, Propane Water Heater
Lot features
Country Setting, Landscaped, Level, Near Skiing, Near Railroad
Elementary school
Wallingford Elementary
Middle school
Mill River Union High School
High school
Mill River Union High School
Elementary school district
Mill RIver USD 40
Middle school district
Mill RIver USD 40
High school district
Mill RIver USD 40
Directions
From Route 103 turn onto Route 140. Property will be on your left within 0.4 miles. See sign.
Standard status
Active
Size
2,400 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3075
Utilities
Utilities
Cable Available
Heating system
Baseboard, Propane (Heating)
Water source
Well
Amenities
detached garage
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Wood Frame, Vinyl Siding
Architectural style
Other
Listing Agency:
Engel & Volkers Okemo · Engel & Völkers
(802) 975-0338
Listed By:
Gail Beardmore
(802) 236-5431
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 7:06AM
MLS# 5109480
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 2,400-square-foot triplex contains three separate apartments within a wood-frame building with vinyl siding. The upper residence offers three bedrooms, a living room, and a full bathroom, while the lower level contains two one-bedroom, one-bath apartments. Each unit has an individual electric meter. Mechanical-system improvements have been completed, and heating is provided by propane and baseboard systems.
The property sits on 0.85 acres at 6098 140 Route in Wallingford, Vermont. A detached garage provides electricity and a poured concrete floor, adding functional storage or workspace. The property is served by a private well, with cable available, and was built in 1900. Zoning is Multiple Residential.
The property sits on 0.85 acres at 6098 140 Route in Wallingford, Vermont. A detached garage provides electricity and a poured concrete floor, adding functional storage or workspace. The property is served by a private well, with cable available, and was built in 1900. Zoning is Multiple Residential.
Key Highlights
- Three‑unit layout: one three‑bedroom apartment and two one‑bedroom apartments
- 2,400 square feet on 0.85 acres
- Detached garage with electricity and poured concrete floor
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
$22,744
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
6.16%
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%
$454,880
$454.9K
Cap Rate 7%
$324,914
$324.9K
Cap Rate 9%
$252,711
$252.7K
Market Conditions
NOI Build-Up for 2,400 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
$33.1K $13.80/SF
− Vacancy
−$629 −$0.26/SF
EGI
$32.5K $13.54/SF
− OpEx
−$9.7K −$4.06/SF
NOI
$22.7K $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 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%
$454,880
Cap Rate 7%
$324,914
Cap Rate 9%
$252,711
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,744 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 5.68%
Theoretical Best
Healthcare Medical
$417.9K
$365.6K – $487.5K
NOI $29,251 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 05742, VT
641
Population
374
Households
1.7
Avg Household Size
47
Median Age
34%
College-Educated
87%
High-School Grad
24.5 sq mi
ZIP Area
26
Density / Sq Mi
$76,250
Median Household Income
$31,607
Median Earnings
$276,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Two one-bedroom apartments complement a three-bedroom upper-level unit.
Where is this triplex located?
The property is located at 6098 140 Route Wallingford, VT.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Three‑unit layout: one three‑bedroom apartment and two one‑bedroom apartments; 2,400 square feet on 0.85 acres; Detached garage with electricity and poured concrete floor
