9 River St Fair Haven, VT 05743
Estimated payment $1,876/month
About This Home
Here is an investment opportunity with this well-maintained multi-family property, featuring five rental units and a solid cap rate of 10%. This property includes three two-bedroom apartments, a comfortable one-bedroom unit, and a cozy efficiency, offering a balanced mix of layouts to attract a wide variety of tenants. All apartments benefit from included amenities that simplify the rental experience, with heat, trash removal, snow removal, and lawn care covered in the rent. Tenants pay their own electric bills, aside from Apartment C. The property also has a large off-street parking area, providing convenient and ample parking for all residents. Ideally located within walking distance of essential amenities, this property allows tenants to enjoy easy access to local stores, restaurants, and a laundromat. With these appealing features, the property is consistently occupied and benefits from strong rental demand in the area. Whether you’re expanding an existing portfolio or entering the multifamily market, this property is positioned to provide reliable returns in a thriving rental market.
Listing Agent
Hughes Group Team
Casella Real Estate
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1885
Parking
- Gravel Driveway
Home Design
- Wood Frame Construction
- Membrane Roofing
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Utilities
- Baseboard Heating
Additional Features
- Basement
Community Details
- Gross Income $53,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | -- | $162,800 | $16,000 | $146,800 |
| 2022 | $3,725 | $162,800 | $16,000 | $146,800 |
| 2021 | $4,215 | $162,800 | $16,000 | $146,800 |
| 2020 | $4,173 | $162,800 | $16,000 | $146,800 |
| 2019 | $4,055 | $162,800 | $16,000 | $146,800 |
| 2018 | $3,860 | $162,800 | $16,000 | $146,800 |
| 2017 | $3,723 | $162,800 | $16,000 | $146,800 |
| 2016 | $3,592 | $162,800 | $16,000 | $146,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | Price Changed | $285,000 | -1.7% | $89 / Sq Ft |
| 02/10/2025 02/10/25 | Price Changed | $289,900 | -3.0% | $90 / Sq Ft |
| 01/06/2025 01/06/25 | Price Changed | $299,000 | -6.5% | $93 / Sq Ft |
| 11/13/2024 11/13/24 | For Sale | $319,900 | +236.7% | $99 / Sq Ft |
| 11/19/2020 11/19/20 | Sold | $95,000 | -13.6% | $30 / Sq Ft |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 06/03/2020 06/03/20 | For Sale | $110,000 | +15.8% | $34 / Sq Ft |
| 09/01/2019 09/01/19 | Off Market | $95,000 | -- | -- |
| 06/03/2019 06/03/19 | For Sale | $110,000 | -- | $34 / Sq Ft |
Source: PrimeMLS
MLS Number: 5022191
APN: 216-070-10122
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