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205 Blakely Road, Colchester, VT, 05446 | $900,000
Located on the outskirts of Malletts Bay, just down from the town offices, schools, and immediately in front of the Colchester Recreation Center, is 205 Blakely Road. At almost 4000sqft the property consists of 4 units, 7 Bedrooms and 4 Bathrooms. Each spacious unit, at almost 1000sqft per unit, includes a full bath, a full kitchen with dishwashers, natural light, low pile carpet or vinyl flooring, new windows, and more. Some of the more recent updates and highlights include new flooring, new efficient Weil McLain natural gas boiler, new windows, 5 year old roof, coin op laundry, and convenient storage sheds on site. The Department of Health has extended a waiver (in 2013) to the property from any IRC practices due to a Clay Point Associates, INC report detecting no lead paint on or within the residential structure. The property and the lot hold enormous potential! Ready for immediate occupancy in all units or consider updating at your leisure throughout to increase rental projections for this desirable location. At 0. 70 acres there is potential to put another property on the property and potential investors are encouraged to do their own due diligence. With current rents and estimates for vacancies the CAP rate is 7. 90% and easily brought to nearly 9%. Surrounded by community, schools, parks and recreation, and close to shopping and groceries this is a ideal investment or fantastic owner occupied home.
Features
- Rooms: 17
- Bedrooms: 7
- Baths: 4 full
- Units: 4
- Style: Gambrel
- Year Built: 1972
- Heating: Hot Water,Boiler
- Cooling: None
- Basement: Finished
- Approx Sq. Feet: 3,520
- Acreage: 0.7
- Est. Taxes: $7,812
- Lot Desc: Level
- Elem. School: Colchester Middle School
- Middle School: Colchester Middle School
- High School: Colchester High School
- School District: Colchester School District
- MLS#: 5079063
- Website: https://www.raveis.com
/prop/5079063/205blakelyroad_colchester_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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. Data last updated 4/2/2026Listing courtesy of RE/MAX North Professionals Phone: 802-655-3333
Listing Agent: Mikail Stein
William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
205 Blakely Road, Colchester, VT, 05446
$900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.689% |
| Monthly Tax Payment | $651 | $651 | $651 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,976 | $4,259 | $5,931 |
| Total Monthly Payment | $4,719 | $5,002 | $6,674 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484