Three-Unit Property with Detached
6098 Route 140, Wallingford, VT 05742
For Sale
$339,000
Wallingford, VT
Property Size2,400 SF
Price / SF$141.25
Days on Market56
Property Features for 6098 Route 140
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Standard status
Size
Additional Details
Individually Metered Utilities
Building Details
Year built
Listing Agency:
Engel & Volkers Okemo · Engel & Völkers
(802) 975-0338
Listed By:
Gail Beardmore
Added: Sep 12
Changed: Nov 3
Last Checked: Nov 6 at 9:06PM
MLS# 5109480
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot triplex includes three separate apartments within one property. The upper residence offers three bedrooms, a carpeted living room, and a full bathroom. Two lower-level apartments each provide one bedroom and one bathroom, creating a varied unit mix for rental use or owner occupancy. Interior updates and mechanical improvements have been completed, and the units are described as ready for occupancy or leasing.
Each apartment is separately metered for electricity, with occupants responsible for their own electric costs. A detached garage expands the property's utility with electrical service and a poured concrete floor, supporting storage, parking, or workshop use. Built in 1900, the property is located at 6098 Route 140 in Wallingford, Vermont, within Rutland County and ZIP Code 05742.
Each apartment is separately metered for electricity, with occupants responsible for their own electric costs. A detached garage expands the property's utility with electrical service and a poured concrete floor, supporting storage, parking, or workshop use. Built in 1900, the property is located at 6098 Route 140 in Wallingford, Vermont, within Rutland County and ZIP Code 05742.
Key Highlights
- Three‑unit triplex with one 3‑bedroom apartment and two 1‑bedroom apartments
- 2,400 square feet of total property size
- Each apartment has its own electric meter
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
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
NOI $22,744 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 6.18%
Theoretical Best
Healthcare Medical
$417.9K
$365.6K – $487.5K
NOI $29,251 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments provide varied layouts, individual electric meters, and a detached garage for storage, parking, or workshop use.
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 triplex with one 3‑bedroom apartment and two 1‑bedroom apartments; 2,400 square feet of total property size; Each apartment has its own electric meter
