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Multi Family Home $399,000 | $168 per sq.ft.
3 Unit Multi Family Home,
51 Andover Street Ludlow VT
With 1 - One Bedroom Units | 2 - Two Bedroom Units
| MLS# 5097396 -
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Listed by The Nancy Jenkins Team Nancy Jenkins Real Estate on June 30th 2026
DESCRIPTION
Minutes from Okemo Mountain and the heart of Ludlow, this well-maintained triplex offers the perfect blend of Vermont lifestyle and strong investment performance. Listed at just over an 8.5% cap rate, the property features three units consisting of two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Residents enjoy easy access to skiing, hiking, restaurants, shops, and the nearby park, making this an attractive location year-round. Thoughtfully maintained with a slate roof that is professionally inspected annually, a new Trex deck, and low-maintenance exterior finishes, ownership is designed to be as hassle-free as possible. Ample parking on both sides of the property provides added convenience for tenants and guests. Whether you're looking to expand your portfolio, live in one unit and rent the others, or capitalize on the area's four-season appeal, this property offers a rare opportunity in one of Vermont's premier recreational destinations. 3D Virtual Tours Available Upon Request.
Gross Income : $47700
Net Income: $ -
UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 1140Level: 1Rent : 1550.00 MonthlyLease Term : Annual Signed Lease : Yes
UNIT 2 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 1100Level: 2Rent : 1500.00 MonthlyLease Term : Annual Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 375Rent : 925.00 Monthly -
CONSTRUCTION
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Wood Frame Year Built: 1900
No. of Floors: 2.5
Total Sq.Ft. Finished: 2370
Above Grade Sq.Ft.: 2370
Price Per SQ.FT.: $168.35
Basement: Unfinished
Heating: Oil | Baseboard | Electric
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters: 4
Style: Multi-Family
Roof: Slate
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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Ski Area | In Town | Near Skiing
Lot size: 0.17 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $4,206 | Assesed Value $0 in
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AREA INFORMATION
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Data last updated July 20th, 2026
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