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Listed by Michael Gilman • Sugarhouse Real Estate
$ 425,000
Est. payment /mo
New
1963 Forestdale RD Brandon, VT 05733
3,443 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,443 sqft
Price per Sqft $123
MLS Listing ID 5088962
Construction Status Existing
Year Built 1900
Annual Tax Amount $3,762
Tax Year 2025
Lot Size 1.500 Acres
Acres 1.5
Property Description
Rarely available turnkey triplex , 3x 2br/1ba, located in the vibrant artisan Town of Brandon—known for its historic architecture, thriving arts scene, and central location. Experience the perfect blend of investment potential and small-town charm with this well managed and updated triplex. The property is listed at a 10%+ Cap Rate at current annualized NOI of $43,000, offering immediate and robust returns in addition to strong upside from undermarket rents and rent growth. Perfect for a high cash flow addition to your portfolio, or a "house hack" where you live in one unit for free while the other two cover your mortgage and expenses. Each unit has been tastefully updated, and features its own washer/dryer. A rare amenity. Residents pay all their own utilities. The backyard is over an acre and features a detached garage/barn, which can rented for additional income. Additional land on the parcel can be developed to provide more housing, and the town is supportive. Situated in a town celebrated for its walkability, local galleries, and community events, this property benefits from Brandon's growing reputation as a destination for both residents and visitors alike. Reach out for the listing package, financials and walk-through videos!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walkout
Basement Concrete
Interior
Cooling None
Exterior
Garage Spaces 2.0
Utilities Available Propane
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Colonial
Construction Status Existing
