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Listed by Kate Barry • EXP Realty • Phone: 603-547-0852
$ 540,000
Est. payment /mo
New
16 School ST Brattleboro, VT 05301
12 Beds
6 Baths
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $90
MLS Listing ID 5092212
Bedrooms 12
Full Baths 6
Construction Status Existing
Year Built 1900
Annual Tax Amount $9,039
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Attention Investors & 1031 Exchange Buyers! A premier, turn-key investment opportunity is now available in the high-demand Brattleboro rental market. Offered at $540,000, this massive, stately 6-unit multifamily building delivers immediate, fully stabilized cash flow from day one. With a robust gross monthly income of $7,675 and an outstanding gross annual income of $92,100, this property is a proven portfolio foundational asset. The property features a rock-solid financial track record with an annual net operating income (NOI) of $33,756.41, representing an exceptional 6.25% un-leveraged Cap Rate and a highly competitive 5.86 Gross Rent Multiplier (GRM). All 6 units are currently fully occupied by seasoned tenants, with all security deposits transferring securely to the new owner at closing. The asset stands out for its exceptional location and structural layout. Situated in a prime, highly walkable in-town location, it sits just minutes from vibrant downtown Brattleboro shops, dining, transit, and major local employers—positioning this building for historically near-zero vacancy rates. Operationally, the building runs like a well-oiled machine. Streamlined infrastructure is already in place with separate tenant communications and established, reliable local vendor accounts (including Dead River for fuel delivery, Mastaler Cleaning for common area upkeep, and Goodenough for weekly trash service). The structural footprint includes a solid brick facade, convenient off-street parking for multiple tenant vehicles, a secure consolidated front porch mailbox station, and coded keyless entry to the basement utility area. Whether you are seeking to execute a strict tax-deferred exchange or expand your passive income portfolio, this stabilized multifamily building offers predictable yields with clear operational upside to push rents over time. Financial disclosures and itemized expense sheets are ready for review.
Location
State VT
County Vt-windham
Area Vt-Windham
Zoning Res
Rooms
Basement Entrance Interior
Basement Full, Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Asphalt Shingle,Metal
Building
Story 3
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
Schools
Elementary Schools Brattleboro Elem Schools
Middle Schools Brattleboro Area Middle School
High Schools Brattleboro High School
School District Brattleboro School District
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