Historic Brick Short-Term Rental
For Sale
$999,000
695 Us Route 2, Milton, VT 05468
Flexible residence with multiple living areas, two barns, and established short-term rental history on nearly 17 acres.
Property Size3,736 SF
Lot Size17.00 Acres
Price / SF$267.40
Days on Market56
Property Features for 695 Us Route 2
General Information
Standard status
Active
Size
3,736 SF
Lot size
17.00 Acres
Property subtype
Multi-Family
Building Details
Year Built
1848
Construction
brick
Listing Agency:
BHHS Vermont Realty Group/Morrisville-Stowe
Listed By:
Trombley & Day Group
(802) 888-0021
Source:
Megansellsnh
Added: Aug 20
Changed: Sep 13
Last Checked: Oct 7 at 1:12PM
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 BHHS Vermont Realty Group/Morrisville-Stowe
Investment Insights
Based on property information with market context.
This brick residence offers 3,736 square feet of adaptable living space across an original home and a later addition. The layout includes a living room, dining room, kitchen, sunroom, family room, den, and additional bedroom areas, along with an open-concept living, dining, and kitchen space. Two barns provide additional space for storage, workshops, hobbies, or agricultural use. Original detailed trimwork and a documented connection to Ethan Allen contribute to the property's historic character.
The property encompasses nearly 17 acres and adjoins approximately 1,500 acres of state land, creating a setting with substantial surrounding open space. It is next to Sand Bar Beach at the gateway to the Champlain Islands, while the Burlington area is approximately a 20-minute drive away. The residence has also operated successfully as an Airbnb, providing established short-term rental history.
The property encompasses nearly 17 acres and adjoins approximately 1,500 acres of state land, creating a setting with substantial surrounding open space. It is next to Sand Bar Beach at the gateway to the Champlain Islands, while the Burlington area is approximately a 20-minute drive away. The residence has also operated successfully as an Airbnb, providing established short-term rental history.
Key Highlights
- 3,736‑square‑foot brick residence with flexible living areas and an open‑concept addition
- Nearly 17 acres adjoining approximately 1,500 acres of state land
- Two barns for storage, workshops, hobbies, or agricultural use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,543
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,860
$730.9K
Cap Rate 7%
$522,043
$522.0K
Cap Rate 9%
$406,033
$406.0K
Market Conditions
NOI Build-Up for 3,736 SF
Gross rent
$67.2K $18.00/SF
− Vacancy
−$807 −$0.22/SF
EGI
$66.4K $17.78/SF
− OpEx
−$29.9K −$8.00/SF
NOI
$36.5K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,860
Cap Rate 7%
$522,043
Cap Rate 9%
$406,033
Alternative Uses
Best Use
Apartment 5plus
$522.0K
$456.8K – $609.1K
NOI $36,543 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.6K – $1.20M
NOI $71,731 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 05468, VT
13,369
Population
5,137
Households
2.6
Avg Household Size
42
Median Age
32%
College-Educated
93%
High-School Grad
62.5 sq mi
ZIP Area
214
Density / Sq Mi
$112,122
Median Household Income
$56,394
Median Earnings
$1,537
Median Rent
$340,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Flexible residence with multiple living areas, two barns, and established short-term rental history on nearly 17 acres.
Where is this short term rental property located?
The property is located at 695 Us Route 2 Milton, VT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,736‑square‑foot brick residence with flexible living areas and an open‑concept addition; Nearly 17 acres adjoining approximately 1,500 acres of state land; Two barns for storage, workshops, hobbies, or agricultural use
