Building Details

Building Size 2,900 SF

Year Built 1900

Stories 2

Listing Agency: Engel & Volkers Okemo

Listed By: Gail Beardmore Show Phone

Source: Evrealestate

Added: Sep 11 Changed: Nov 3 Last Checked: Nov 3 at 4:57AM

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Investment Insights

Based on property information with market context.

This triplex at 6098 Route 140 in Wallingford, Vermont, contains one upper-level three-bedroom apartment and two lower-level one-bedroom apartments. Each residence includes one full bathroom, creating three distinct living units within the property. The apartments have received updates and mechanical-system improvements, and each unit is separately metered for electricity.

A detached garage adds functional accessory space with its own electrical service and a poured concrete floor. The structure may support storage, workshop use, parking, or other owner-directed purposes. Built in 1900, the property is located in East Wallingford with access to area amenities. Walk Score and Bike Score are both 2, reflecting a car-dependent and somewhat bikeable setting.

Key Highlights

• Three‑unit layout with one 3‑bedroom apartment and two 1‑bedroom apartments
• Each apartment includes 1 full bathroom
• Separate electric meter for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,744

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,880 $454.9K

Cap Rate 7%

$324,914 $324.9K

Cap Rate 9%

$252,711 $252.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

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 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 (±1% cap)

NOI $22,744 @ 7.0% cap · market cap 6.71%

Second Best

Apartment 5plus

$299.4K

$262.0K – $349.3K (±1% cap)

NOI $20,956 @ 7.0% cap · market cap 6.18%

Theoretical Best

Healthcare Medical

$417.9K

$365.6K – $487.5K (±1% cap)

NOI $29,251 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

2

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Three separate apartments offer a flexible multi-unit layout with dedicated electric metering and additional accessory space.

Where is this triplex located?

The property is located at 6098 Route 140 Wallingford, VT.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Three‑unit layout with one 3‑bedroom apartment and two 1‑bedroom apartments; Each apartment includes 1 full bathroom; Separate electric meter for each unit