1675 Us Route 5 South,Fairlee, VT 05045
Fairlee, VT 05045
Description
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.
Details
| MLS # | 5069106 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1954 |
| Days On Site | 333 |
| Listing Provided By | Tesla Realty Group, LLC | Loren Wehmeyer |
Features
| Basement | Y |
|---|---|
| Story(s) | 1 |
| Units | 8 |
| Zoning | Mixed use |
| Acreage | 2.00 |
Interior
| Cooling | None |
|---|---|
| Heating | Propane, Oil, Baseboard, Hot Water, Individual |
| Appliances | Electric Water Heater, Water Heater off Boiler |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Concrete Exterior |
| Foundation Details | Block |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Spaces 11 - 20 |
Utilities
| Utilities | Cable Connected, Propane, Satellite, Phone Connected |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Septic Tank |
Taxes
| Tax Annual Amount | 6125.34 |
|---|---|
| Tax Assessed Value | 334400 |
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Orange |
| City | Fairlee |
| Zip Code | 05045 |
| Area | VT Orange |
| School District | Rivendell Interstate Sch Dist |
| Elementary School | Samuel Morey Elementary |
| High School | Rivendell Academy |
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Learn More About This Property
| State | VT |
|---|---|
| County | Orange |
| City | Fairlee |
| Zip Code | 05045 |
| Area | VT Orange |
| School District | Rivendell Interstate Sch Dist |
| Elementary School | Samuel Morey Elementary |
| High School | Rivendell Academy |