Listing courtesy of Joshua Lemieux, Remax Summit 802-772-0670
9 River Street, Fair Haven, VT, 05743
8 beds
5 Full baths
1885
Multi-Family, Multi-Level
3,220 sqft
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.
Status:
Pending
Type:
Multi-family
Units:
5
Zoning:
Mixed River
Heating:
Oil, Baseboard
Cooling:
None
Basement:
Full, Assigned Storage, Unfinished, Walkout
Parking:
Parking Spaces 5 - 10, Unpaved
Acreage:
0.37
Est. Taxes:
$4,771
Lot Description:
Open,River,In Town
Elementary School:
Fair Haven Grade School
Middle School:
Fair Haven Grade School
High School:
Fair Haven UHSD #16
School District:
Fair Haven School District
MLS #:
5072868