Andover VT Mult-Family Real Estate

MLS Number 5108453

• Multifamily
• Address 12 Chaplin Avenue
• Units 2
• Bathroom 2
• Acreage 0.11

Turnkey Two-Unit Multifamily Investment Opportunity in Rutland City! Welcome to 12 Chaplin Ave, a beautifully renovated two-unit multifamily property offering an excellent opportunity for investors or owner-occupants alike. Thoughtfully renovated down to the studs between 2019 and 2020, this property underwent extensive improvements including exterior wall insulation, updated electrical and plumbing, new drywall, flooring, cabinets, appliances, fixtures, and extensive roof repairs to both the asphalt shingle and slate roofing. The property features two well-maintained units, including a comfortable studio apartment and a spacious three-bedroom apartment. Each unit has its own washer and dryer, providing added convenience for tenants. Both units are occupied by long-term tenants, with one tenant in place for approximately five years and the other for more than two years. This is a truly turnkey investment, with tenants responsible for their own heat and electricity, helping to keep owner operating expenses manageable. With strong rental income and an approximate 10% cap rate at the asking price, 12 Chaplin Ave presents an attractive opportunity for an investor looking for immediate income potential with significant renovations already completed. A solid combination of updated systems, long-term tenancy, separate utilities, and strong income makes this a multifamily property worth a closer look.

Listed by Hayley Santopolo of Real Broker LLC

MLS Number 5085125

• Multifamily
• Address 25 Wight Street
• Units 3
• Acreage 0.13
• Square Feet 3,036

Convenient location near the heart of Berlin for this large 3 unit building! Potential to be a great investment to add to your portfolio or an owner occupied building with the 3rd unit currently vacant. Additional photos available on request. Being sold "as-is"

Listed by Jeffrey Gagnon of Badger Peabody & Smith Realty

MLS Number 5098740

• Multifamily
• Address 265 Norway Street
• Units 2
• Acreage 0.23
• Square Feet 1,590

Well-maintained single-family home with a recently remodeled in-law apartment, offering a total of 3 bedrooms and 2 full bathrooms. The main home features beautiful hardwood floors, while the updated in-law apartment provides flexible living space for extended family, guests, or the opportunity to generate rental income to help offset mortgage expenses. Located in a desirable neighborhood, this property offers the versatility many buyers are looking for, whether it's multi-generational living, additional space for visitors, or supplemental income.

Listed by Cassie Lambertson of RE/MAX Northern Edge Realty LLC

MLS Number 5098778

• Multifamily
• Address 9 Brook Street
• Units 3
• Bathroom 3
• Acreage 0.26

Here's your chance to own a well cared for triplex in the heart of Barre City, with good tenant and rent payment history! On top of the three units, there is an office space located on the first floor of the building, with a great bay window, and could be used by the next owner, or rented out for extra income. There is plenty of off street parking, a coin op washer and dryer, and is close to downtown, and all the amenities the city has to offer, making this appealing to tenants. The building nets about $23,507 yearly, with opportunity to increase. While the building did flood in 2023 & 2024, it was addressed quickly and efficiently, and is up to new code with the boiler and electrical moved up to the first floor.

Listed by Bailey Kuban of Green Light Real Estate - Barre

MLS Number 5100505

• Multifamily
• Address 55 South Street
• Units 2
• Bathroom 2
• Acreage 0.2

Here is a versatile 2 apartment home that can be configured to suit many different purposes. There are currently two apartments with the first floor having 6 rooms, 2 bedrooms, and a full bath. The second apartment, located on the second and third floors has 8 rooms, 2-3 bedrooms, a 3/4 bath with shower, and a convenient storage shed area. There is a woodstove for supplemental heat upstairs. You could reconfigure this house to be a large single family home, or you could use one unit as an in-law apartment or a place of adult children. Outside there a porch along the whole south side of the house, a 2 car garage, and a fenced area for a garden, a kid's play area, or a pet enclosure. A towering silver maple graces the yard and provides nice shade. The location, in easy walking distance from downtown Lyndonville, makes this a super walkable home. Come check it out.

Listed by Maurice Chaloux of Parkway Realty

MLS Number 5067944

• Multifamily
• Address 3 Wall Street
• Units 4
• Bathroom 4
• Acreage 0.19

This property is a great source of revenue, with a good sound structure and well maintained utilities this property can serve as a great investment. Within walking distance to down town Springfield where you can find groceries, shops, restaurants and more.

Listed by Thaddeus Abare of Barrett and Valley Associates Inc.

MLS Number 5072850

• Multifamily
• Address 31 Granite Street
• Units 2
• Bathroom 2
• Acreage 0.11

This is not just a duplex; this is a Cash Flow property! This is one of the most affordable ways to own a cash-flowing duplex in Central Vermont, with major flood mitigation already done for you. Key Updates and Features include, New Roof (2020): The property features a new roof installed in 2020 with a standard guarantee on shingles, ensuring long-term durability and protection against the elements. New Windows (2022): All living spaces in both the upstairs and downstairs units have new windows installed in 2022, providing improved energy efficiency, natural light, and modern aesthetics. Flood Resistant Utility Room & Mechanical Upgrades (2023): In response to the 2023 flood, the utility room was added above flood stage. Significant upgrades include new electrical panels, a new furnace boiler, and a new hot water heater for the upstairs apartment is now conveniently located in the utility room for added safety and accessibility. Downstairs Apartment Renovations (2023): Kitchen: New cupboards, stove, and dishwasher installed in 2023 for a modern cooking experience. Laundry: Washer and dryer included; the washer is brand new, while the dryer is secondhand. Bedrooms: Two bedrooms with closets offer ample storage, plus one large room currently used as a bedroom (without a closet). Upstairs Apartment Improvements: Newly installed shower in 2023 for added comfort. Seller has gotten a flood estimate! An owner-occupied duplex will run, on average, approximately $1,200/year. If the duplex is purely an investment property and will be fully rented, rates are a bit higher, estimating around $1,600-$1,800/year range.

Listed by Leslie Drown of Leslie Drown Real Estate LLC

MLS Number 5101519

• Multifamily
• Address 31 Baxter Street
• Units 2
• Bathroom 2
• Acreage 0.15

Attention visionaries and portfolio builders: here's a two unit multifamily with two bedrooms in each unit, located on 2,474 square feet of raw potential and a convenient location. This building is a canvas waiting for a confident brush. The bones are solid, the footprint is generous, and the opportunity to add real value is genuine whether you're refreshing tired finishes, reconfiguring layouts, or transforming the space into rental income. Savvy investors will recognize immediately what a property like this can become with a thoughtful renovation plan and a little imagination. First-time buyers or skiers eyeing house-hacking, meanwhile, can occupy one unit while tenants help cover the mortgage. The layout offers flexibility, giving you room to shape the configuration that suits your goals. Downtown sits within easy walking distance, meaning coffee shops, restaurants, and errands are all reachable on foot, a perk that keeps quality tenants interested and leases signed. The Marble Valley Regional Transit are just minutes away, making car-free living a legitimate option. Adventure seekers, take heart: the legendary slopes of Killington sit a scenic drive east, promising world-class skiing and four seasons of mountain recreation practically in your backyard.

Listed by Nancy Greenwood of Watson Realty & Associates

MLS Number 5024829

• Multifamily
• Address 16 Washington Street
• Units 2
• Bathroom 3
• Acreage 0.21

Major price reduction! This price reduction involves the seller staying on as a tenant for up to a year after closing. Ask for details! Fabulous potential with this in-town home on a great neighborhood street just a few short minutes to downtown Brattleboro where you'll find shops, restaurants, galleries, and more! Close to the hospital, schools, and points north and south with easy access to Rt 91. This home retains much of the original woodwork with bulls eye trim for the doors, an elegant staircase with two stained glass windows, and glowing wood floors. First floor has a bedroom option and a full bathroom, there's a full bathroom on each floor! Plenty of room for everyone with three more bedrooms and a bathroom on the second floor. There is an additional room on the second floor with separate entrance that would make a great office, and the third floor offers an in-law potential with a one bedroom studio apartment. Property is being offered "as is".

Listed by Rebecca Seymour of Brattleboro Area Realty

MLS Number 5105676

• Multifamily
• Address 84 Granger Street
• Units 2
• Bathroom 2
• Acreage 0.34

Spacious Two Family Home with Large Barn, Updated Systems & Excellent Investment Potential Welcome to this spacious and well-maintained two family home situated on a level, fully fenced lot in a desirable section of town. The property offers an excellent combination of comfortable living space, rental income potential, and valuable additional space for a garage, workshop, office, or business use. Each unit features three bedrooms, and both units are currently occupied by long-term tenants. The rents are well below current market rates, providing a significant opportunity for a new owner to increase rental income over time. The home has separate heating systems, pex & copper 100% redone, along with two fairly new oil tanks. The owner currently pays for heat, and the heating expense is included in the property's operating expenses. The plumbing has been substantially updated, with PVC plumbing throughout all of the property, including the main water line to the house. Each apartment has its own 100 amp electrical service, while the large barn/workshop is equipped with an impressive 200 amp electrical service. the electrical system has also been updated, including hardwired smoke detectors The property also offers flexibility for an owner occupant or investor. With the existing layout and utilities, there may be an opportunity to reconfigure the property so that one unit is used primarily by the owner. One of the property's standout features is the huge barn, currently used by the owner as a garage, office, and workshop. It provides an exceptional amount of additional space for vehicles, equipment, storage, hobbies, or a potential home-based business. The location is another major advantage conveniently close to shopping, restaurants, services, and other everyday amenities, while being situated in a very nice section of town. Whether you're looking to live in one unit and have the other help pay your mortgage, or you're seeking an investment property

Listed by Mike Kalil of Watson Realty & Associates