Andover VT Mult-Family Real Estate

MLS Number 5086957

• Multifamily
• Address 474 Dog Team Road
• Units 3
• Bathroom 3
• Acreage 1.3

Well-maintained three-unit property just minutes from downtown Middlebury. Two units were renovated in 2019 with modern updates while retaining Vermont character. All units are currently rented and feature private entrances, laundry, separate utilities, and additional storage. Quiet, scenic setting with quick access to shops, restaurants, and an easy commute to Burlington, Middlebury, Bristol and Vergennes. Ample on-site parking and outdoor space add to tenant appeal. Strong rental history and desirable location make this an excellent investment opportunity in Addison County. Recent reappraisal from the town came in at $609,300.

Listed by Heather Foster-Provencher of Champlain Valley Properties

MLS Number 5089408

• Multifamily
• Address 373 Spring Street
• Units 5
• Bathroom 5
• Acreage 0.25

Here is a well maintained 5 unit apartment house "on the hill" in St. Johnsbury - walking distance from grammar and high school and all the amenities of Main Street. Use this property completely as an investment or live in one unit and let the income from the other 4 make the payments plus some. There are three units in the main house and two in the ell at the back of the house. Each apartment has its own heat source and electric meter. There is vinyl siding and most of the windows have been replaced. There is ample parking for the tenants. Don't hesitate on this good investment.

Listed by Maurice Chaloux and Anthony Hayden of Parkway Realty

MLS Number 5104280

• Multifamily
• Address 25 West Street
• Units 3
• Bathroom 3
• Acreage 0.16

Fully occupied and income-producing, this Lebanon three-unit property offers a practical investment opportunity in one of the Upper Valley's most dependable rental markets. Conveniently located near Dartmouth College, Dartmouth Hitchcock Medical Center, and downtown Lebanon, the property has strong tenant appeal and provides rental income from day one. Each unit is straightforward, functional, and easy to rent, with off-street parking and usable outdoor space adding to the overall appeal. Recent exterior improvements, including paint and porch work, have already been completed, giving the next owner a solid starting point with room to improve returns over time. The property is being sold as-is. The seller is currently removing and updating the small amount of active knob-and-tube wiring located in the attic, with work anticipated for late August. Highlights include a fully rented three-unit layout, consistent income, off-street parking, outdoor space, completed exterior updates, and potential to increase rents and long-term returns.

Listed by Simon Verkaik of BHHS Verani Seacoast

MLS Number 5106772

• Multifamily
• Address 16 Parkhurst Street
• Units 2
• Bathroom 2
• Acreage 0.24

Excellent investment opportunity with potential for a third unit. This well-located two-family property sits just off the Lebanon Green and Colburn Park, with immediate access to downtown Lebanon's restaurants, shops, Lebanon Opera House, public library, farmers markets, and community events. The first-floor unit offers 3 bedrooms, 1 full bath, living room, kitchen, and laundry room, with the laundry room also providing additional storage. The second-floor apartment features 2 bedrooms, 1 full bath, living room, kitchen, and its own laundry room. An attached barn at the rear of the property is currently used for storage and offers potential for additional living space. Preliminary plans for a possible third unit are available for review, providing an opportunity to add value and future rental income, subject to approvals. Prime location, flexible layout, and expansion potential make this a compelling opportunity for an investor or owner-occupant looking to generate rental income in the heart of downtown Lebanon.

Listed by Joe Flanagan of Coldwell Banker LIFESTYLES - Hanover

MLS Number 5089982

• Multifamily
• Address 2337 Vt Route 7
• Units 3
• Bathroom 3
• Acreage 0.48

Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 private office spaces that share a conference room and a reception area as well as a full bath and small kitchenette. The total rent for three of these office spaces currently brings in $1200 and could be even more if rents were adjusted for market rates and the two, currently empty, other offices were rented. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could "capture" that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy!

Listed by Amey Ryan of IPJ Real Estate

MLS Number 5097795

• Multifamily
• Address 449 W. River Road
• Units 2
• Bathroom 2
• Acreage 0.3

**REDUCED PRICE AND VERY MOTIVATED SELLER** Seller will offer $5,000 back at closing Don't miss this charming income-producing multifamily with scenic river viewsl! This property features 2 full units with room for expansion. It is an ideal property for seasoned investors and those looking to enter the market. Enjoy a beautiful river view that adds long-term appeal, along with ample off-street parking for tenant convenience. In addition to the beautiful view, there are gorgeous stained glass windows. Each unit has a washer and a dryer, perfect for new tenants. Each unit has 3-4 off street parking spots. This is a turnkey addition to any portfolio with immediate cash flow! Motivated seller!

Listed by Danielle Patten of Coldwell Banker Realty Bedford NH