Listed by: Chuck Clifford, Four Seasons Sotheby's Int'l Realty, Selling Office: Snyder Donegan Real Estate Group, Listing Courtesy of Prime MLS
$385,000
●
Multifamily -
Off Market
237 US Route 5
Fairlee, VT 05033
Studio
0 Bath
2,566 Ft²
$447,330
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
A unique property on Main Street in Fairlee. The main house is a
2600 square foot, one and a half story home with five bedrooms, a
well cared for home that could use some cosmetic updating but with
many possibilities as a primary home or maybe mixed use. The second
building is a 2600 square foot home consisting of three single
bedroom apartments with very stable tenant history. There also is a
720 square foot barn/garage that is great for storage but also
could possibly be another rental unit. All right on Main Street
with town water and fiber internet available. So many
possibilities! Almost an acre with access from US Route 5 or School
Street.
Unit Size
2,566 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$175
Property Type
Multifamily
Property Taxes
$578
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Prime MLS #4964686)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 12, 2023 | Sold | ||
| Sold | |||
| Aug 8, 2023 | Listed by Four Seasons Sotheby's Int'l Realty | $449,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
Property Highlights
Garage
Parking Details
Has Garage
Parking Features: Detached
Garage: 1 Spaces
Interior Details
Unit 1 Bedrooms: 1
Unit 2 Bedrooms: 1
Unit 3 Bedrooms: 1
Unit 4 Bedrooms: 5
Appliances: Water Heater – Electric
Has Basement: Yes
Exterior Details
Road Frontage Length: 150
Construction Status: Existing
Roof: Standing Seam
Lot Features: Level
Lot Size Acres: 0.98
Lot Sqft: 42689
Financial Details
Taxes Gross Amount: $6,937
Utilities Details
Heating Type: Baseboard, Hot Water
Cooling Type: None
Sewer Features: Private
Water Source: Public
Location Details
Location: Right on Main Street in Fairlee, just north of the library
Zoning Information: fairlee
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/08/2023
| |
Studio
|
-
|
2566 ft²
|
$449,000
Studio
-
2566 ft²
|
$385,000
-14.25%
10/12/2023
|
Chuck Clifford
Four Seasons Sotheby's Int'l Realty
|
Building Info
About Fairlee
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Listed by: Chuck Clifford, Four Seasons Sotheby's Int'l Realty
Last Updated Date: 2023-10-12
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 4964686
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated Date: 2023-10-12
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 4964686
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