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Listed by Loren Wehmeyer • Tesla Realty Group, LLC
$ 863,000
Est. payment /mo
Active
1675 US Route 5 South Fairlee, VT 05045
4,103 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,103 sqft
Price per Sqft $210
MLS Listing ID 5069106
Construction Status Existing
Year Built 1954
Annual Tax Amount $6,125
Tax Year 2025
Lot Size 2.000 Acres
Acres 2.0
Property Description
Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history—perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.
Location
State VT
County Vt-orange
Area Vt-Orange
Zoning Mixed use
Rooms
Basement Entrance Walk-up
Basement Gravel, Insulated, Unfinished, Exterior Access, Basement Stairs
Interior
Cooling None
Exterior
Utilities Available Cable at Site, Propane, Satellite, Phone
Roof Type Metal
Building
Story 1
Sewer Septic
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Samuel Morey Elementary
High Schools Rivendell Academy
School District Rivendell Interstate Sch Dist
MORTGAGE CALCULATOR
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