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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Joshua Lemieux RE/MAX Summit Off: 802-772-0670

$ 265,000

Est. payment -/mo

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Under Contract

9 River ST Fair Haven, VT 05743

8 Beds

5 Baths

3,220 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,220 sqft

Price per Sqft $82

MLS Listing ID 5072868

Style Multi-Family,Multi-Level

Bedrooms 8

Full Baths 5

Construction Status Existing

Year Built 1885

Annual Tax Amount $4,771

Tax Year 2026

Lot Size 0.370 Acres

Acres 0.37

Property Description

This well-maintained five-unit multifamily asset offers a strong investment profile, anchored by a solid 10% cap rate and consistent rental performance. The property features a diversified unit mix consisting of three two-bedroom apartments, one one-bedroom unit, and one efficiency, supporting broad tenant appeal and reliable occupancy. Operating efficiency is enhanced by landlord-provided heat, trash removal, snow removal, and lawn care, while tenants are responsible for electric utilities in all units except Apartment C. A large off-street parking area adds further value by providing ample, convenient parking for residents. Strategically located within walking distance to local shops, restaurants, a laundromat, and everyday services, the property benefits from sustained rental demand and a history of consistent occupancy. With strong cash flow, practical management features, and an attractive return profile, this asset is well-suited for investors seeking dependable income whether expanding an existing portfolio or entering the multifamily market with confidence.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Mixed River

Body of Water River

Rooms

Basement Assigned Storage, Full, Unfinished, Walkout

Interior

Heating Oil, Baseboard

Cooling None

Flooring Combination, Vinyl

Exterior

Parking Features No

Utilities Available Cable Available, Telephone Available

Water Access Desc Yes

Roof Type Membrane

Building

Lot Description Open, In Town

Story 2

Sewer Public

Water Public

Architectural Style Multi-Family, Multi-Level

Construction Status Existing

Schools

Elementary Schools Fair Haven Grade School

Middle Schools Fair Haven Grade School

High Schools Fair Haven Uhsd #16

School District Fair Haven School District

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

9 River ST Fair Haven, VT 05743

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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9 River ST