16 School Street, Brattleboro, VT 05301
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
16 School Street,Brattleboro, VT 05301
$499,000
- 12 Beds
- 6 Baths
- 6,000 sq. ft.
- Multi-family
- Active
Listed by: kate barryPhone: 603-547-0852
Office: exp realty833-388-2480
MLS#:5092212
Source:PrimeMLS
Price summary
- Price:$499,000
- Price per sq. ft.:$62.38
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:5092212
- Added:49 day(s) ago
- Updated:July 21, 2026 at 11:02 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Full bathrooms:6
- Basement Description:Full, Interior, Unfinished
- Living area:6,000 sq. ft.
Heating and cooling
- Heating:Hot Water, Oil
Structure and exterior
- Roof:Asphalt Shingle, Metal
- Year built:1900
- Building area:6,000 sq. ft.
- Lot area:0.13 Acres
- Levels:3 Story
Schools
- High school:Brattleboro High School
- Middle school:Brattleboro Area Middle School
- Elementary school:Brattleboro Elem Schools
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$62.38
- Tax amount:$9,039 (2025)
Parking
- Parking description:Paved Driveway
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