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    Duplex with Barn and Third-Floor Potential Title is generated by Realmo AI

    81 High Street, Cavendish, VT 05142

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    For Sale
    $525,000

    Converted for flexible rental use with two units, plus an unfinished third floor and attached barn for storage.

    Type:Multi-family
    Property size:
    2,304 SF
    Price / SF:
    $227/SF
    Added:
    Apr 18, 2025
    Days on Market:
    414
    Last Refresh:
    Jun 5 at 2:44 am

    Property Features for 81 High Street

    General Information

    Standard status
    Active
    Size
    2,304 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    Tyleen Murray

    Listing office Kelley Real Estate,Inc.

    Listing date Apr 18, 2025

    Source Poquetterealty

    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 Kelley Real Estate,Inc.

    HighLights

    • Built in 1850 and renovated, offering flexible living and rental potential
    • Functions as a spacious 5‑bedroom, 2‑bath home or as two separate rental units
    • Unfinished third floor provides space to convert into additional living area
    • Attached barn provides additional storage
    • Located steps from the village post office and village park
    • Just minutes from Okemo Mountain Resort, with quick access to Interstate 91

    Overview

    Set in an 1850s building that has been renovated, this property offers flexible layout options for an owner-operator or investor. It currently functions as a spacious 5-bedroom, 2-bath home, with configuration that also supports operating as two separate rental units. An unfinished third floor provides additional conversion opportunity for extra living space, such as a master suite or bonus room, based on buyer preference. An attached barn adds substantial on-site storage capacity.

    Located on High Street in Cavendish, the home is described as being steps from the local post office and village park. It is also minutes from Okemo Mountain Resort, and it notes quick, direct access to Interstate 91 for simplified travel.

    For tenants or buyers seeking residential income flexibility, the ability to operate as a single home or as two units can support different occupancy strategies. The on-site storage from the attached barn and the unfinished third floor are practical features for anyone looking to expand usable space while keeping day-to-day operations straightforward.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Electronics & Wireless Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cavendish
    County
    Windsor
    State
    Vermont
    Longitude
    -72.6073775
    Latitude
    43.3835534

    Nearby Similar for Sale

    • $325,000
      1,697 SF

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      Well-kept two-unit duplex with a leased downstairs unit and vacant upstairs unit near Proctorsville village amenities.
      818 Main Street, Cavendish, VT 05142
      View Details
    • $525,000
      2,304 SF

      Duplex with Barn and Flex Loft

      Renovated 5-bedroom structure that can operate as two rental units, with an unfinished third floor and attached barn.
      81 High Street, Cavendish, VT 05142
      View Details
    • $699,000

      Historic Schoolhouse with Modern Potential

      1862 schoolhouse reimagined for commercial or residential use.
      66 Duttonsville School Drive, Cavendish, VT 05142
      View Details

    FAQs

    What type of property is this?
    Duplex - Converted for flexible rental use with two units, plus an unfinished third floor and attached barn for storage.
    Where is this duplex located?
    The property is located at 81 High Street Cavendish, VT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Built in 1850 and renovated, offering flexible living and rental potential; Functions as a spacious 5‑bedroom, 2‑bath home or as two separate rental units; Unfinished third floor provides space to convert into additional living area
    We can help!
    Listing Contact
    Tyleen Murray
    Learn More
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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.

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