Listed by: Courtney Houston DeBisschop, IPJ Real Estate, Selling Office: BHHS Vermont Realty Group/S Burlington, Listing Courtesy of Prime MLS
$265,000
●
House -
Off Market
70 Meigs Road
Vergennes, VT 05491
5 Beds
3 Baths
2,784 Ft²
$317,795
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
What a great starter house opportunity, live in a 3 bedroom two
bath home and have a 2 bedrooms 1 bath apartment for additional
income to help pay your mortgage, taxes or just for a little extra
income. The ranch home has large spacious rooms, open
kitchen/eat in area. Not only are there three good sized
bedrooms but there is a large laundry area that could also be used
for an office or den. Full basement for additional storage
and a 1 car detached garage. Partially fenced in yard, great for
your pets! This home is located just to the north of
Vergennes, making it easy to jump on Route 7 to go north to
Burlington or south to Middlebury.
Unit Size
2,784 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$102
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
1970
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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 #4865984)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2021 | Sold | ||
| Sold | |||
| Jun 10, 2021 | Listed by IPJ Real Estate | $285,000 | |
| Listed by IPJ Real Estate | |||
| Dec 31, 2020 | No longer available | - | |
| No longer available | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Nov 1, 2020 | Listed | $330,000 | |
| Listed | |||
| | |||
|
This very conveniently located property is perfect for someone who needs a nice 3 bedroom, 2 bath house with added income from a very nice 2 bedroom apartment. The location is only minutes from Rt. 7 and a very easy commute to both Middlebury and the Burlington area. Spacious kitchen and living area, nice yard, all hard surface floors and other nice features. Good storage and other extras make this property a good investment. Second unit is rented below market value, but tenants have been there for a long time with no increases in rents The manager has listed the unit size as 2784 square feet.
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Property Highlights
Garage
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Vergennes
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Listed by: Courtney Houston DeBisschop, IPJ Real Estate
Last Updated Date: 2021-11-01
Last Checked: -1 hour ago
Data Source: Prime MLS, MLS# 4865984
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: 2021-11-01
Last Checked: -1 hour ago
Data Source: Prime MLS, MLS# 4865984
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