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1675 US Route 5 South

Fairlee, VT 05045

MLS # 5069106 Multi-Family Active
$6,125
Taxes
4,103
Square feet
8
# of units
2
Acres

Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history—perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.

Property Type Multi-Family
# of Units 8
Subdivision Name N/A
Year Built 1954
Parking N/A
Road Frontage N/A
Acres 2.00
Gross Income 97050
Annual Expenses 21839
# of Gas Meters N/A
# of Electric Meters N/A
Sq Ft (Above Ground) 4103
Sq Ft (Below Ground) 0
Total Sq Ft 4103
Land Description N/A
Elementary School Samuel Morey Elementary
Middle School N/A
High School Rivendell Academy
Financing Details N/A
Documents Available N/A