9 River Street,Fair Haven, VT 05743
Fair Haven, VT 05743
Description
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.
Details
| MLS # | 5072868 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (30) Under Contract - Pending |
| Year | 1885 |
| Days On Site | 234 |
| Listing Provided By | RE/MAX Summit | Joshua Lemieux |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Zoning | Mixed River |
| Acreage | 0.37 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Oil, Baseboard |
Exterior
| Exterior Features | Porch, Covered Porch |
|---|---|
| Roof | Membrane |
| Construction Materials | Wood Frame |
| Foundation Details | Stone |
| Lot Features | Open Lot, In Town |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Spaces 5 - 10, Unpaved |
Utilities
| Utilities | Cable Available, Phone Available |
|---|---|
| Electric | 100 Amp Service, Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 4771 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Rutland |
| City | Fair Haven |
| Zip Code | 05743 |
| Area | VT Rutland |
| School District | Fair Haven School District |
| Elementary School | Fair Haven Grade School |
| High School | Fair Haven UHSD #16 |
| Listing VS Median (in 05743) | |
Price: $265,000 low | high Med: $0 On site: 234 low | high Med: | |
Market Activity 05743
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Fair Haven |
| Zip Code | 05743 |
| Area | VT Rutland |
| School District | Fair Haven School District |
| Elementary School | Fair Haven Grade School |
| High School | Fair Haven UHSD #16 |
| Listing VS Median (in 05743) | |
Price: $265,000 low | high Med: $0 On site: 234 low | high Med: | |
