Duplex with Private
84 Crescent Street, Rutland, VT 05701
For Sale
$248,000
Both residences have two bedrooms, two bathrooms, and off-street parking.
Property Size2,060 SF
Price / SF$120.39
Days on Market97
Property Features for 84 Crescent Street
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Tenant in Place
Amenities
private deck
off-street parking
barn/outbuilding
Building Details
Year Built
Listing Agency:
Real Broker LLC
(802) 613-0729
Listed By:
KC Gandee
(802) 774-7007
Source:
Anotchaboverealestate
Added: Aug 6
Changed: Nov 9
Last Checked: Nov 9 at 5:00PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 2,060-square-foot duplex, built in 1920, contains two apartments, each with two bedrooms, two bathrooms, a private deck, and off-street parking. A barn or outbuilding provides additional storage. The property has a 4% cap rate and has received updates to its systems and components since 2020.
Work includes plumbing and electrical updates in 2020, new appliances in 2020, a chimney in 2021, a kitchen remodel in Apartment 2 in 2021, a new electrical panel and deck in 2022, and a new oil tank in 2024. A new boiler is scheduled for installation before closing in 2026. The property is in Rutland City, near schools, parks, and downtown.
Work includes plumbing and electrical updates in 2020, new appliances in 2020, a chimney in 2021, a kitchen remodel in Apartment 2 in 2021, a new electrical panel and deck in 2022, and a new oil tank in 2024. A new boiler is scheduled for installation before closing in 2026. The property is in Rutland City, near schools, parks, and downtown.
Key Highlights
- Two apartments, each with 2 bedrooms and 2 bathrooms
- 2,060 square feet; built in 1920
- 4% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,522
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,440
$390.4K
Cap Rate 7%
$278,886
$278.9K
Cap Rate 9%
$216,911
$216.9K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$28.4K $13.80/SF
− Vacancy
−$540 −$0.26/SF
EGI
$27.9K $13.54/SF
− OpEx
−$8.4K −$4.06/SF
NOI
$19.5K $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%
$390,440
Cap Rate 7%
$278,886
Cap Rate 9%
$216,911
Alternative Uses
Best Use
Multifamily LT 5
$278.9K
$244.0K – $325.4K
NOI $19,522 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$257.0K
$224.9K – $299.8K
NOI $17,988 @ 7.0% cap · market cap 7.25%
Theoretical Best
Healthcare Medical
$358.7K
$313.8K – $418.5K
NOI $25,107 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
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Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Rutland County, VT
Properties on Market for Duplexes in Rutland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, two bathrooms, and off-street parking.
Where is this duplex located?
The property is located at 84 Crescent Street Rutland, VT.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 2 bathrooms; 2,060 square feet; built in 1920; 4% cap rate
