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    Four-Unit Multifamily Apartment Building Title is generated by Realmo AI

    8 Lucia Street, Graniteville, VT 05654

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    Claim this Listing
    For Sale
    Under Contract
    $285,000

    MULTI_FAMILY - Other - Barre Town, VT

    Property size:
    2,756 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $103/SF
    Added:
    Oct 31, 2024
    Days on Market:
    582
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 8 Lucia Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res-Very High Density
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Basement, Bathroom 4, Bedroom 2, Bathroom 3
    Parking features
    Paved or Surfaced, Offsite, Driveway
    Patio and Porch features
    Porch
    Exterior features
    Covered Porch
    Appliances
    Electric Water Heater, Owned Water Heater
    Standard status
    Active Under Contract
    Size
    2,756 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5867

    Utilities

    Utilities
    Cable Available
    Heating system
    Propane (Heating), Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    4
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Hebert
    Michelle Hebert

    Listing agent Michelle Hebert

    Listing office KW Vermont - Montpelier 118 Main Street, South Burlington, VT

    Listing date Oct 31, 2024

    MLS# 5020646 Listing URL

    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.

    HighLights

    • 4‑unit multi‑family building with four 2‑bedroom units
    • Each unit has separate heating
    • Built in 1890
    • Covered porch and porch on the exterior
    • Metal and shingle roof; wood‑frame with vinyl siding
    • Public water and cable available; offsite paved parking with driveway

    Overview

    This for-sale four-unit multifamily apartment building includes four separate 2-bedroom residences. Each unit has its own heating system, a useful setup for tenant-by-tenant control and for owners who want to occupy part of the property. The building is sited on a lot of about 0.3 acres, with ample off-street parking for residents and guests.

    The property is located at 8 Lucia Street in Barre Town, VT, on a dead-end street. It is within walking distance of a bike path, the post office, a playground, and a general store. Additional daily needs and larger connections are described as being only a couple of miles away, including shopping, the interstate, and the Barre Town recreation fields.

    For prospective buyers and operators, the combination of four units, 2-bedroom layouts, and separate heating in each unit supports flexible occupancy planning, whether you’re considering owner occupancy with rental income from the remaining units or managing the building as a standalone rental property. The off-street parking and nearby walkable amenities add practical day-to-day convenience for tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Graniteville
    County
    Washington
    State
    Vermont
    Longitude
    -72.487899
    Latitude
    44.151372

    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units with separate heating and off-street parking on a dead-end street in Barre Town.
    Where is this quadplex located?
    The property is located at 8 Lucia Street Graniteville, VT.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 4‑unit multi‑family building with four 2‑bedroom units; Each unit has separate heating; Built in 1890
    (802) 654-8500
    We can help!
    Listing Contact
    Michelle Hebert
    Michelle Hebert
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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