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Multi Family Home $863,000 | $210 per sq.ft.
8 Unit Multi Family Home,
1675 US Route 5 South Fairlee VT
With 7 - One Bedroom Units | 1 - Two Bedroom Units
| MLS# 5069106 -
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Listed by Loren Wehmeyer Tesla Realty Group, LLC Cell: 802-359-2122 on November 10th 2025
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.
Appliances : Electric Water Heater | Water Heater off Boiler
Gross Income : $97050
Net Income: $ -
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CONSTRUCTION
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Concrete Exterior Exterior Color : Yellow
Year Built: 1954
No. of Floors: 1
Total Sq.Ft. Finished: 4103
Above Grade Sq.Ft.: 4103
Price Per SQ.FT.: $210.33
Basement: Gravel | Insulated | Unfinished | Exterior Access | Basement Stairs
Heating: Propane | Oil | Baseboard | Hot Water | Individual
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable at Site | Propane | Satellite | Phone
Electric Meters: 9
Gas_Meters: 6
Style: Multi-Family
Roof: Metal
Water: Drilled Well
Sewer: Septic
Seasonal: No
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LAND INFORMATION
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Level
Lot size: 2 acres
Zoned: Mixed use)
Surveyed: No
Flood Zone: No
Road Frontage: 300
Driveway: Gravel
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ADDITIONAL INFORMATION
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Taxes $6,125 | Assesed Value $334,400 in 2025
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AREA INFORMATION
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School District: Rivendell Interstate Sch Dist
Elementary School: Samuel Morey Elementary
High School: Rivendell Academy -
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Data last updated April 29th, 2026
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